Replies to post #7437 on Addax Petroleum (fka AXC)

[Julius Erving]

A LOT of dollars... a LOT!!

Hahaha.

The Doc.

[Julius Erving]

If we take a conservative $0.80,- pre JDZ drill, so no oil:

Kenya commercial minimum should of course result in at least that.

Dilution is 4 x so that is $0.20 pre JDZ drill.

We are now at (pre R/S) at 0.0008 so...

0.20 divided by 0.0008 = 250 times run up.

If oil is found this run up of 250 is the very minimum.

Go think about that. Wow.

If more is found and glut oil gone I do not rule out a 500 times run up, or more...

Wow.