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Re: Funaboard post# 139361

Monday, 03/21/2011 3:24:33 AM

Monday, March 21, 2011 3:24:33 AM

Post# of 233161
Think you're getting a little ahead of yourself. A PPS of $15 would probably require proven reserves of 2 billion with trading on a conservative PE with the current O/S, and for us to be even trading on any kind of PE in general we have to be trading on a respectable exchange. Obviously hot sectors can be trading on a PE as high as 15, but we have to prove we have the goods first.