Replies to post #2966 on Rolling Thunder Exploration Ltd (fka RTHXF)

[pericles]

I hope you don't mind if I answer also, the latest update with the new 50% well means to me that we have to be considerable under net asset value when that comes out in the future, now what are the reserves that is the question. I think at the worst we are worth what the stock is trading at now and depending on the two big wells maybe at best three dollars. Now that does not include any future successes which seem to be coming at a rapid pace. I used to be down on the company because of their small land base but lately they been able to farm in at Teepee Creek fairly easily on many sections. I like the stock now but it might be smart too wait for future revisions of reserves to buy more.

[kanzler]

A fast growing junior like ROL should trade not below twice NAV (which translates into $3.20 PPS), reflecting the fact that Ensign plus all successful drillings this year (T.C., Gordondale, Gold Creek) will drive NAV up to C$100 million at least.

If ROL traded at 3 dollars, we could start talking about things like 3 more wells at McLeod and their potential contribution to NAV.

At today's C$1.39 the stock is a no-brainer.