I meant $13,20
Is that achievable? Yes. On finding oil.
We are now at 8 cents.
375 times 4 cents is where we were before CN/Glut oil, with NO oil. (from $0.15 to $0.0004 = factor 375)
375 times $0.04 = $15,-
Is this correct, Troy? :)
If so, with an oil find, $15,- should be the starting point, minus the additional dilution from 4x to 6x approximately?
Your $79,- / $15,- = factor 5.3 x the old share price, for having oil in the books? 15 cents times 5.3 in the old situation.
Achievable? How much oil do they need to have in that case?
$79,- times 40.000.000 shares = $3.16 billion, how much barrels is that? 15 bucks per barrel did you say? 210.666.000 barrels ERHC share?
It is indeed a lot. Correct? I'm quite busy doing things, can't think clear anymore. :P
