Africa Oil Corp (AOIFF)

[Scarbender307]

I especially like:

"At current prices, with yet to be determined profit margins, that'll mean annual revenue for the company in the neighborhood of $500 million, not a bad spot for a company currently worth $430 million to reach in 3 years."

Let's see: $500MM/456Mm shares = $1.09 per share gross revenue.

Assuming a profit margin of 50%: Net income: $0.54 PS/PE ratio of 20 reflects a value of $10.96 per share. AT THE VERY LOW END. This only from Lokichar Basin fields.