Apex Resources Inc (SLMLF)

[rookiecrd1]

Reserves that APXR Owns $1.2 billion

Market Cap of stock - $12 million

1.2 billion / 12 million = $10 per share

That is the long term value of this company's reserves. Note that the oil will not be realized for many years, and also note that the price of gas and oil has increased since the $1.2 billion figure was given.

Will the price hit $10 per share? No. But $2-$3 per share seems very reasonable, as this will likely be a buyout target sometime in the near future.