I hear everyone saying great news. It is good to know a possible valuation based on a similare circumstance in case we do a JV or merger. However, based on using that same formula, I came up with the following...
24,000 acres times $30,000 per acre = $7,200,000,000.
10% of that is $ 72,000,000.
$72,000,000. divided by 15,000,000,000. shares is $.0048 per share. ( not so great ) Im hoping my math is off, or that I miscalculated something. ( please share any input ) I know we may have more acres, however this will not drasticaly change anything if my calculations are correct. Also, I used the high end of $30,000 per acre. What if it is more near the $10,000 to $20,000 per acre. Any input would be appreciated.