Arete Industries (ARET)

[harr123123]

if arete sold 7200 acres of non producing land for 5.2 million it comes to approximately 750/ acres, the majority of their 30k acres are producing in better locations means probably worth minimum 1500/ acre. there are 7.7 million shares outstanding means in worst scenario they could get 45 million for the land, meaning above 5 dollars per share. what happens if charlie and don do things right.