Sunday, April 14, 2013 9:50:49 AM
The math to arrive at an estimate of $100+ billion in undefined assets in the ground is easy to do using information in the 43-101 along with the Keevil/ Hawke estimates. However the actual value of the company remains around 17 million. .
Some say unrealized value is worthless, but would it be more accurate to say that unrealized value is POTENTIAL – that is when everyone has to agree that there is substantial historical proof that valuable resources exist on land owned by the company?
Also – the actions of the naysayers here make very little sense if the assumption is that there is no value, and in fact not huge POTENTIAL value.
You can pull on a heavy elastic and it will stretch for a while, but eventually you will run out of energy to counteract the energy stored in the spring and no matter how hard you pull the system will find support. Then maybe you add another guy to try to pull harder?
Thin metaphors aside, the PRICE of the stock is what you can see, the VALUE of the stock is what you can arrive at using DD. The difference between the two, IMO, is the energy that will propel this one once the ignition requirements are met. And it seems to be getting better everyday.
I'm thick – and even I can sense that over the noise generated by the naysayers.
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