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goldforbrains

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goldforbrains

Re: iblong2 post# 1026

Wednesday, 06/04/2008 3:17:56 PM

Wednesday, June 04, 2008 3:17:56 PM

Post# of 17252
We don't need rumors, we need facts. Here are some.
The property they are trying to acquire has a proven value of over $500,000,000. And this was in June 2007, when oil was only $75 a barrel. Do the math. At todays prices that works out to over $833,000,000. The company has 50,000,000 shares O/S. Do some more math, and you get a pretty good share valuation.
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