Wednesday, March 23, 2022 11:06:46 AM
200 bpd (which I hear is basically the number) at the current rates of $121 per barrel means the following:
200 x $101 (it costs roughly $20 per barrel to get it out of the ground) = $20,200 per day
$20,200 x 7 = $141,400 per week
$141,400 x 4 = $565,600 per month
$565,600 x 12 = $6,787,200 per year CASH
without the company cancelling a share from the current float meaning restricted and free trade, here is what you have.
$6,787,200 x 10 multiple (which is ultra conservative for a micro cap) = $67,872,000 cash
divide that by 61,775,458 shares = $1.098 PER SHARE VALUATION FOR AGYP
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