FEC Resources Inc. (FECOF)

[irishintelligence]

Atok values its 20% stake in forum at between $10M and $15M which places us in the $3.5M to $5M range (if we use their valuation).

The Philippine stock market believes that Atok is worth $1.3B which places Forum Energy 1% valued at $65M which places our 6.8 valued at $442,000,000 or ~$1/share.


PXP should be higher. Maybe PXP is lower because they have no choice but to raise capital to drill and Atok does not?


Good news. FECOF does not need to raise capital to drill. Maybe we really are worth $1 per share today.


We should work together and try to build this out.