Pilgrim Petroleum Corp. (PGPM)

[Fonzy35]

Exemple,Let say that Gustavson PR said a reserve of 50% of 900,000,000 that's 450,000,000 barrel
less 20% (factor of lease they can keep)that would be 90,000,000 X $60 (averge per barrel)-
$100 million expense(that they said in the first big PR at $33.00 a share)= $5,300,000,000 (expected) / OS 322,720,011 (more or less)=
PPS of Expecting $16.42 right? (i don't know how to do the math to mush on penny stock)

or could we expect the pps rally up at $1.00 to $3.00
Can anyone that been in the market alot longuer then me, give some pointer on this?

Thanks