PQE profit potential: $ 446,562,500/yr - FMV $ 11.01/shareRevenue Potential of PQE without VISTON deal:
(a) Utah license with 10,000 barrels of oil per day........................................PROFIT: $ 273,500,000
(Sell $ 100 per barrel less cost of $ 25 per barrel = $ 75 per barrel of oil *10,000 barrels * 365 days)
(b) Two (2) NetOil license ($ 6 million USD each)........................................PROFIT: 17,500.000 (Cdn)
Plus: 100,000 barrels of oil per day * 5% royalty * $ 75 profit...............PROFIT 136,875,000
(c) Two (2) Cantone license ($ 2 million USD each)....................................PROFIT 5,000,000
Plus 10,000 barrels of oil per day * 5% royalty * $ 75 profit....................PROFIT: 13,687,500
We are barely scratching the surface as I expect a flurry of license deals going forward.
Total profit potential per year is: $ 446,562,500
Earnings per share: .55 cents per share
Fair Value of stock price: $ 11.01 per share (based on 811 million shares outstanding)
My personal opinion,