Dawg, Thanks for the reply.
First off, I was speaking of pps. in the things I mentioned. To me the pps is where the rubber hits the road. You will notice the context: .30pps. So when I say "value" I am refering to pps as opposed to book or other types of value.
Rather than parse your response, and off the top of my head, I will just respond to a couple of things I see immediately.
You beginning point is a serious miscalculation of what I meant and was trying to present. $87+M profit for each well. Be serious. I never had this silliness in mind. But this is the entire basis of your response and your suppositions from which you argue. I reject it, as I never said or even implied it. Your running numbers following without running a calculator seem correct, but it is all a strawman. A false argument only with yourself, not me or any of my projections.
Secondly, you run no multiples at all for any P/E ratios. This also shows that your response is non-reality based. Any serious response would include these. I know EDEX is currently a non-dividend paying pink, but this is not my projection of what EDEX will remain. Over and over I have mentioned the paying of dividends by Tom. Any comments I make about pps (value) should include this context and my post was no exception. But this said, and I will cut my reply short as I have other pressing matters to which I need to attend.
So, even using your numbers, which I disagree with, but using YOUR numbers, at .03 cents, a normal P/E ratio, of a normal dividend paying stock can be placed at 16. (Sixteen is a normal and conservative number.) Using your numbers again, a dividend (profit) of .03 x 16 = .48. So, even using the numbers you presented, which I disagree with, bring us to .48. My comments of .50 is not that different. So I see no further reason to argue with you about it.
Are we there yet, no!, Does EDEX pay dividends? No. Will we? I think yes as I’ve stated many, many times. Do my projections include dividends and PE ratios? Yes they do.
Thanks for confirming my numbers of .50. This said, I apologize for the lack of context I failed to mention and to which you responded. I hope this gives some indication to a fuller understanding of what I both meant and the thoughts in my faulty brain.
I wish you well, and again, it is my sincere hope that you have to buy at over $1.00. (Please, this is in no way a slam or insult, it’s not. It is however, a projection of what many of us see that the price should achieve should we hit the Mesa. You see Koolaid, we see $1.00+.)
Enjoy the sunset, as they are meant to be enjoyed. If you do, life will be good and in balance. Enjoy.
All of the opinions expressed here, inclusive of all my past, present or future post, are mine, and mine alone. The opinions expressed are not a buy or a sell recommendation. Do your own Due Diligence.
