Cross Border Resources, Inc. (XBOR)

[Ed Ajootian]

seaoh, you totally miss the point about playing with these microcap E&Ps. The common theme is that they all need $$$ to give their prospects any value. The play on these buggers is, do you think their story is good enough to entice folks to fork up hard cash in exchange for stock, at a price that would still allow for future appreciation once the money gets spent?

Let's say these guys succeed in raising $3M, and that, together with their acreage sale, is sufficient to meet their drilling obligations for the next 3-4 months. What would you say would be a fair value for the stock at that point?