Replies to post #10702 on MMEX Resources Corp (MMEX)

[moola26]

Great Evaluation and precise

[drog68]

This is incredible, thanks for putting all of this together!

Someone should sticky this!!

MMEX

[BMoeSki]

Wow that was some impressive DD. Great post!!

[samsamsamiam]

This should be stickied!!!

even though no approval or permits have been taken out on the refinery. or proof of financing for that matter.

[Carjockey2]

Awesome...Thanks buddy.. I'll repeat it a thousand times you're the best with valuations...

OMG

MMEX...

[Carjockey2]

MODS PLEASE STICKIE

[jr525]

Did u buy in lol

[jfkspire]

Modes Sticky plz!!

[jfkspire]

Thanx Stervc We have been waiting for yr Numbers!!
MMEX .583 Valuation & $30 Million NOL Tax Shelter









$$$MMEX$$$$

[bears3434]

Great Job my man !!!!
You the best...
Mmex

[jfkspire]

I will wait for MMEX $0.583











$$$$MMEX$$$$$$

[OTC Shark]

Sterling,
Love the calculations and time spent on this. Thank you for your hard work and contribution here.
-Kyle

[2 4 6 0 1]

Great post, please sticky

[I-Glow]

You are basing your valuation on a company that has $209 in Total Assets - that's magically going to obtain financing of $450 million to build a oil refinery. No serious investors believe MMEX has the financing lined up.

Building a refinery isn't going to happen.

IG

[brucebill]

Thankyou,that sounds so good

[mikar]

Probably in 2019, oil will be $60 barrel or more! PPS fair value is more like
.75 - $1.00!

[BigOtto]

Sorry, Stervc, got a glitch here.
You used the $40 crude as a revenue basis. This would be their feedstock price, an expense.
Revenue would be based on the crack spread, which currently for Gulf Coast 3-2-1 is about $11/bbl
Also, GC spread is based on Cushing crude (heavy), this refinery will have a different mix, with lots of gas condensates mixed with WTI.
Lots to consider, on stream factor, ops/maint expense, transportation, ongoing capital, debt service, etc.

With a tightly run project and an efficient, modern refinery, there is a good case for positive net returns of maybe $5/bbl IMO maybe better with a Latin American market. Still nothing to sneeze at.

[jfkspire]

mods this is not Stickied yet!!!!!!?????

Thanx in advance!!

[GreenMachine]

Always appreciate your input!

[johnydollar]

A BILLION DOLLAR COMPANY BEING BORN RIGHT IN FRONT OF OUR EYES. IMHO

[rbtree]

Typical ---- and the chances of any of those things happening are between slim and none.... like almost all previous "valuations" we've been presented.

[jfkspire]

Did everybody See Stervc's 0.583 Valuation!!
Mods gonna Sticky it soon!!(they Promised)
Follow the post I'm responding to above or, Check it out in the link below!:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=129475285














MMEX

[was GoldenDD]

Nice post! You are a top class ihubber bud.

[airman1]

As I am a long/strong type of investor I appreciate your Precise DD Review of the 30 mill NOL into MMEX;

I am no longer worried about this deficit from Maple resources

Also the best I've seen yet on share analysis and valuation..

Thanks so much for your postings.. bought more shares today ; So


Best of Luck to all long shareholders of MMEX!! Upward from here..we Go!

[LionsPride]

VERY Nice Valuation..Time, Filings Updates seem To Be Coming Fast.
Time Is Now 2017 Next Few Weeks Few Months To Prove $All A Beautiful Return On Investment @ These prices Unbelievable But All Have To Start SomeWhere $ALL.....
LP

[angelo2112]

This is MASSIVE!! Nobody takes on debt like this unless it's to offset huge revenues! Thanks for the kick A$$ DD brother! I think you are spot on with this one especially with Trump as our President and him keying on using Americas resources and with Texas' oil this could b a 401k type play!
MMEX
$$$$$

[jfkspire]

Waiting till 0.583 per share,,for real profits!!
This DD Still inspires me!!





$$$MMEX$$$

[BeasTrader]

This Is Going To Be HUGE WHEN VALUATION IS RELEASED!!! VERY SOON

[KEEMAJO]

BLOOMBERG on MMEX,"One of the 2 hottest plays in the North American oil industry."
https://www.bloomberg.com/news/articles/2017-03-28/newest-texas-refineries-plan-to-turn-shale-into-fuel-for-mexico

[KEEMAJO]

MMEX ON LOCAL TEXAS TV!>PECOS COUNTY, TX (KWES) - Fort Stockton may see an oil refinery that would bring 500 jobs.

By Jolina Okazaki
The small town of Fort Stockton may see economic growth in the next few years.
"The city, we're really excited about it," said Fort Stockton Mayor, Chris Alexander.
MMEX Resources Corporation is an energy company based in Austin. They're looking to build a $450 million crude oil refinery in Pecos County. The facility is about 250 acres. If it's approved, it will work with existing railways to export diesel, liquefied petroleum gas, jet fuel and crude oil to western Mexico and South America. So far, the city and county have shown support for the project.
"It diversifies our community in Pecos County," said Pecos County Judge, Joe Shuster. "We believe it will be just great. I think it means our future is a little bit brighter. We will have an opportunity to take the crude oil out of the ground and make gasoline and other crude products and be able to sell them both on the railroad and even locally."
The company said the facilities and pipeline networks in the Basin will be able to handle products that are transported.
"The Permian Basin is the largest continuous oil discovery in America," said MMEX CEO, Jack Hanks. "The existing facilities and pipeline networks are largely unequipped to handle this growth and are limiting where products can be transported. By building a state-of-the-art refinery along the region’s existing railway infrastructure, we hope to bring a local and export market for crude oil and refined products which will add substantial job and economic growth to West Texas.”
The company said construction may take about 18 months but that process is said to open up 400 jobs. Once it begins operating, it's expected to provide 100 permanent jobs as well as generate substantial tax revenue for the county.
"That doesn't include the support facilities and people that are going to be there," said Alexander. "So we're really excited about this project."
Copyright 2017 KWES. All rights reserved.

[ZIA SPIRIT]

Wow missed the $30m nol. That is huge

[catchmeifyoucan]

Looking good.. !

[LawWolf]

Wouldn't these guys be making their money by "refining" crude oil into other products like gasoline? Presumably crude extracted and owned by someone else seeking to have it refined. I think your assumption that their revenue per barrel is the same as the current going crude price is way off. These guys aren't extracting 50,000 barrels a day, they would be "refining" it... AT A REFINERY. You need to figure out the going rate to "refine" crude into other products per barrel (which I'm guessing is WAY lower than $40/barrel).

[jfkspire]

Is .583 price here yet!!
Longs just can't wait!!!

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=129475285

The real Deal!
This is OIL Baby!!









$$$$MMEX$$$$

[nomnomnom]

fantastic post

[jmorexxnet]

Anyone knows when the valuation is coming?

[nickroc]

So does the 8k just released basically double this projection to $1.166?

Nulling out the 7 Billion and capping A/S at 5 Billion instead of 10?

[TradeForProfits]

another big rally today! $MMEX

[Diggnun21]

Stervc, any thoughts on how today's 8K changes your valuation, if so. Would be greatly appreciated update for the board. I know many are wondering...

Thank you as always

[BeamMeUpScotty]

A merger candidate interesting. Has anyone heard any chatter from the business world about a possible merger?

With useable tax losses that large that will save any company a very pretty penny!

[trademax42]

Hello stervc...read your post and the fundamental valuation estimate of .583 cents per share. No doubt your valuation estimate is a top notch work as usual which uses the state of the art estimation technique. Thank you for your extra-ordinary work.

I have one comment though. Your estimate is based on 10 billion OS. As a result of today's 8-K, OS seems to be at around 2.5 billion. Would you mind looking at current development and revisit your estimates that reflect the updated OS.

TIA

Go $$MMEX$$

All imho, not an investment advice. Do your own DD.

[SOUTHGAS]

Stervc here is a good article on how refinerys actually get their profit calculations which is based on the crack spread and its a commodity that has a futures listing that gives one a closer look into what to expect using thier basic formula for refining oil into gas and petro distilates.You cant really just use the price of oil in itself but for starting points I can see what your purpose was.Here is a good article on that >>https://www.e-education.psu.edu/eme801/node/514 also here is a listing for crack spread futures >>>http://www.cmegroup.com/trading/energy/refined-products/rbob-crack-spread-swap-futures.html

[Prosper/high]

$$$ MMEX UNDERVaLUED Greatly RISING Multimillion Evaluation Bullish BUYING SMART investing coming in my view
MMEX Resources Partners with KP Engineering to Design, Build Crude Oil Refinery in Permian Basin
By GlobeNewswire, March 29, 2017, 01:05:00 PM EDT
Vote up



Engineering, design phases of Pecos County refinery project to begin immediately
AUSTIN, TEXAS, March 29, 2017 (GLOBE NEWSWIRE) -- MMEX Resources Corp. (OTCPK:MMEX), a development stage company focusing on the acquisition, development and financing of oil, gas, refining and infrastructure projects in Texas and South America, and KP Engineering ("KPE"), an energy industry leader in engineering, procurement and construction (EPC) solutions, announced today a partnership for KPE to engineer, design and construct the planned Pecos County refinery announced by MMEX earlier this month.

Jack W. Hanks, President & CEO of MMEX Resources Corp., commented: "Plans for the Pecos County refinery are progressing smoothly and rapidly, and the selection of KPE as the project's EPC contractor is an essential first step to beginning the project. With their strong industry experience, knowledge of the Texas market, scalability and agility, KPE is an ideal partner for MMEX on this project."

On March 7, MMEX announced plans to build a crude oil refinery in the Permian Basin near Fort Stockton, Texas, subject to the receipt of required governmental permits and completion of required debt and equity financing. The state-of-the-art refinery project, with plans to export crude oil, fuels and petroleum products to western Mexico and South America, would generate approximately 400 local jobs during peak construction and approximately 100 permanent jobs upon becoming fully operational.

"We are humbled that MMEX Resources has chosen KPE to assist them in constructing a state-of-the-art crude processing and transport facility for the Permian Basin," said Brandon T. Steele, Chairman and CEO of KP Engineering. "KP Engineering employs some of the finest professionals in the industry and we are excited to be working alongside MMEX Resources Corp. as their EPC firm on this important project and look forward to commencing work immediately."

MMEX and KPE also announced today that KPE plans to subcontract with Interstate Treating, Inc./RAMA Fabrication, Inc. of Odessa, Texas to engineer and fabricate vessels and process modules for the refinery, allowing for the Pecos County refinery to be constructed using U.S.-sourced materials and equipment.

Hanks concluded: "MMEX Resources is committed to delivering an American-made, state-of-the-art refinery that brings significant economic and job opportunities to the Permian. We're proud to work alongside KP Engineering, Interstate Treating/RAMA and the Pecos County community to bring the Pecos County refinery to life."

About MMEX Resources Corp.

MMEX Resources Corporation ( MMEX ) is a development stage company formed to engage in the exploration, extraction, refining and distribution of oil, gas, petroleum products and electric power. MMEX focuses on the acquisition, development and financing of oil, gas, refining and electric power projects in Texas, Peru, and other countries in Latin America. For more information about MMEX, visit www.mmexresources.com.

About KP Engineering

KP Engineering, LP, based in Tyler, Texas, provides value-based EPC solutions to clients in the refining, midstream, petrochemical, and syngas industries. KPE combines technical expertise and deep experience with an integrated engineering and project management approach to deliver cost-effective projects to markets such as domestic refiners, natural gas processors, chemical manufacturers, and terminal and pipeline owner-operators. KPE provides a full range of EPC services and specializes in fixed-price contracting. For more information about KPE, visit www.kpe.com.

About Interstate Treating/RAMA Fabrication

Interstate Treating/RAMA Fabrication, based in Odessa, Texas, manufactures ASME code vessels and modular process plants for natural gas treating and oil refinery applications. ITI/RAMA technical expertise combined with state of the art manufacturing and design capabilities has provided the oil and gas industry with high quality process solutions on schedule-critical projects for over 40 years. For more information about Interstate Treating, visit www.InterTreat.com.

The following constitutes a "Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties, which could cause our actual results to differ materially from those described in the forward looking statements. These risks include but are not limited to general business conditions, the requirement to obtain financing to pursue our business plan, our history of operating losses and other risks detailed from time to time in the Company's SEC reports. MMEX undertakes no obligation to update forward-looking statements.



Read more: http://www.nasdaq.com/press-release/mmex-resources-partners-with-kp-engineering-to-design-build-crude-oil-refinery-in-permian-basin-20170329-00918#ixzz4e4K8ASTT

[Hennypennyaz]

Awesome job here. Seriously this is sweet.
MMEX

[OCMillionaire]

looks like you were right the whole time lol

[westwich]

MMEX ALREADY has 1st Tranch>of>Financing>BASED>ON>VALUATION>RPT>

OCMillionaire Member Level Wednesday, 04/19/17 10:19:13 AM
Re: OCMillionaire post# 44352
Post # of 45659

Financing update 2nd part and Valuation:
******I found the company who gave them part of the financing. I stumbled on it last night so I called MMEX to confirm and he said I am going to have to wait for the news to see if I am right! :D Oh my gosh this is huge. Going to buy 2-5 million more today :)

The valuation as well I found out, is worth close to what STERVC has posted via company word of mouth. I asked about the .58 cent valuation and his response was:

Sounds like you have done some extensive research. Looks like Doty Scott isn't the only one who can do math.

I don't know about you guys but uhm......what does that exactly mean other than its worth around there?!!!!!

Guys, no one gives them THIS MUCH money if its a scam....and oh boy they got a lot for the first round!!!

Also, I will be respectful of the companies wishes and let them tell the story.

[westwich]

BINGO! Hanks>says,"you>don't>go>this>far>without>financing>ALREADY>LINED>UP> ">MMEX>has>ALL Top>Tier>Partners.

This link is readable on a PC to the end and Hanks himself says, "you don't go this far without financing"

[PeanutR]

This sticky is false and Should be removed. The valuation is not at that level at all. They are not building anything. They have no money and can't get a loan. Fact.

[Prosper/high]

$MMEX undervalued worth Much Higher valuation
http://quotes.morningstar.com/stockq/analysis-report?&t=PINX:MMEX®ion=usa&culture=en-US&version=RET&cur=&test=QuoteiFrame&e=eyJlbmMiOiJBMTI4R0NNIiwiYWxnIjoiUlNBLU9BRVAifQ.SvPLIjt3vXFViUHACW_ROh5WqsJY2AA-tHLAhzeJfhMKndzOha3RHVpkaFy7b6AeYy5NKI0Z0Xw0nSwvrs4nUSN5HQv66tH7aKIJlTP-tEAKK-BG8PQDcJsyxL-tnJgQHKQTedJkNUkyQ_72Hcsge1jiXiVv4sxRFvoVV87Kbyc.BqPZ2LQelqYiXbtf.fcp22PUqmMiyqzYe3wDL1rrrEEPCWCaPob6dyCx5KDcJ5aPnX7Kno-G-zcw8qPqZgE_eO0kxcqJmwj4DZkXpe7-RZBtY5HEkRpo_QLubXTkaN4EmuKdzncdl89222PmLdAGm7LoOZgYKCW3ml_R11vj66FpvN7TeC6rI18k6ur-kZjFDamALCnVrnG2lEh38NbjwuYOBK5gYKl7OrEcav2VcFcBhzMJjE6wcTVI.SyvjK-6IFDCLnFa_zmMBRg

[BBANBOB]

50,000 Barrels Per Day x 365 Days Per Year = 18,250,000 Barrels Per Year

The link below confirms that the current retail price for a barrel of oil is $48.00+ per barrel.


Only problem I see is you seem to being assuming that MMEX owns that oil or produced out of the ground the 50,000 bl's..........

The real QUESTION is how much does a refinery make REFINING 50,000 Bls a day............since unless the 50,000 bl's came out of the ground VIA production by MMEX and is owned BY MMEX, all they get is the refining cost.......

[westwich]

MMEX NEWS! LOI Executed For Supplier>New>Pic>Of>Property>Stakes>Link>
http://www.mmexresources.com/project_milestones.php

*****May 4, 2017: MMEX Executes Letter of Intent with Supplier of Refinery 50,000 BPD Crude Oil Volumes


Pecos County Refinery, Fort Stockton, Texas
Technical Conference Status Meeting with Consultants, Dallas, TX
April 27, 2017
Pecos County Land Survey, Fort Stockton, Texas
Pecos County Land Survey
April 25, 2017

Recent project milestones for the Pecos County refinery project are listed below:

May 4, 2017: MMEX Executes Letter of Intent with Supplier of Refinery 50,000 BPD Crude Oil Volumes
Apr 27, 2017: Technical Conference Status Meeting with Consultants, EPC/Environmental/Strategic Planning
Apr 25-26, 2017: Pecos County Land site survey completed
Apr. 18, 2017: Meetings with Investment Banks NYC, Engagement Letter pending
Apr. 13, 2017: Environmental Firm retained to prepare and process necessary State/Federal Permits
Apr. 12-13, 2017: Crude oil supply follow-up meetings; Draft of LOI submitted
Mar. 25, 2017: Engineering, Procurement and Construction (EPC) Company retained
Feb. 27, 2017: Strategic Consultant and Industry Advisor retained
Feb. 20, 2017: Pecos County Land Purchase and Sale Agreement Executed (500 acres)
Feb. 15, 2017: Public Relations Firm retained
Feb. 14, 2017: Pre-permit meeting held with Texas Commission on Environmental Quality (TCEQ)

View Project Overview
View Progress Photos / Video

[westwich]

Meetings>with>Invst>Banks>NYC***Engagement Letter pending>FINANCING COMPLETE?!>
Apr. 18, 2017: Meetings with Investment Banks NYC, Engagement Letter pending:

Co. Mile Stones Just Posted on MMEX Website!
http://www.mmexresources.com/project_milestones.php
MMEXcellent!
Recent project milestones for the Pecos County refinery project are listed below:

Apr 27, 2017: Technical Conference Status Meeting with Consultants, EPC/Environmental/Strategic Planning
Apr 25-26, 2017: Pecos County Land site survey completed
*****Apr. 18, 2017: Meetings with Investment Banks NYC, Engagement Letter pending
Apr. 13, 2017: Environmental Firm retained to prepare and process necessary State/Federal Permits
Apr. 12-13, 2017: Crude oil supply follow-up meetings; Draft of LOI submitted
Mar. 25, 2017: Engineering, Procurement and Construction (EPC) Company retained
Feb. 27, 2017: Strategic Consultant and Industry Advisor retained
Feb. 20, 2017: Pecos County Land Purchase and Sale Agreement Executed (500 acres)
Feb. 15, 2017: Public Relations Firm retained
Feb. 14, 2017: Pre-permit meeting held with Texas Commission on Environmental Quality (TCEQ)

View Project Overview
View Progress Photos / Video

[mikoli007]

Looking forward to by passing this ops. Jack is speaking next Tuesday, hopefully releasing a good solid PR. This would be great time to plug MMEX but not without more concrete news such as permit approval and or financing. Does he have any other skin in the Permian basin other than MMEX?

[$avvyPenny$tockInvestor™]

Are you kidding me? $0.58 This cant even hold its gains.$0.01 Lets stay above 1 Cent before we talk about 2 Quarters. Smh.