Of course, one would get much higher numbers if used the potential that's obvious here (new contracts, acquisitions, production, etc.) I used to come to numbers like $1 and higher when we "almost bought" Magma, and the price of reserves was higher. Actually, the simple act of merging with anybody, changing the name, ticker, and exchange - starting "new life", would probably bring NWOG's valuation closer to sector average, which is in 0.5 area, as we discussed before. OTOH, I don't think that Malyshev's EOY $1 target is somehow "calculated" or based on some fundamental data. I take it as a management "wish". They own millions of shares that may gradually become unrestricted starting next month. I would think they are more interested in bringing the share price up than me or you. And they have all the means to do this.
IMO.
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