MMEX Resources Corp (MMEX)

[Womack]

Thanks buddy. Just to elaborate a bit, so everyone here doesn't think I'm being mean, when I say this would be tough to value I say it for these reasons. Even if you wanted to determine the NPV of this project, you would need semi realist estimates of the following:

1. Revenues
2. Expenses
3. Depreciation
4. Free cash flows
5. The firms tax rate
6. The WACC (weighted average cost of capital)
- and to determine this last one we would need a few tough to determine items such as:
1. the cost of debt (what interest rates will lenders be willing to lend to MMEX at?)
2. The cost of equity
3. The cost of preferred stock (if any).
4. The capital structure of the firm, for those of you who don't know the language I'm speaking I am talking about the percentages of debt, equity, and preferred stock the project will be financed with.

Again though, GL all, I'd love to see this thing rocket up to $0.10 or better.