Delta Mining & Exploration (fka DMXC)

[KingDiamond]

I wont invest in that particular stock,market cap too high at its current PPS,what do they take in 18-25m and the cap is 126m right now,its got a seriously high P/E ratio in the 60's
they got 30m in debt and another potential 45m drawdown over next couple years with only 19m in the bank and i know and wallstreet knows oil will never return to 25 dollars a barrel and im guessing the street will accept oil's new bottom price of $33-35 a barrel(?)(sounds like a resonable figure)in any case i would bet toward inventory build up's this spring despite the China growth and demand factor and a steady decline in oil price to the mid 30's level,yea maybe IFNY can make a run to $15 a share or better,but no way im jumping in on that one at its current PPS looks kinda weak on paper not worth the risk,and im too lazy to look any further into something i wont buy...
throw me something like your USAP,now that looks like a excellent long term prospect at a excellent price...(i can sleep at night with that pick)