Thursday, June 09, 2016 1:04:07 PM
I think at this point the market is cautious until they start generating decent revenue. Just executing on what we know about (WFCC lease, rig work over and production ramp up) could be north of $4m.
I think at a minimum we see the other two MJ lease partners get their paperwork rolling to get their Active/Issued license. I also think they will make some smaller strategic lease acquisitions near their fields.
If they just execute on what they have announced this could be trading above .10 but I think there is something else.......have to wait and see.
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