Golden Arch Resources---GAI.V Message Board

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Gold/Mining/Energy : Golden Arch Resources---GAI.V

GAI 8.800

0.0%

Mar 22 5:00 PM EST

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To: Greg Birch who wrote (111)	5/31/1997 12:29:00 AM
From: JR.	of 359

Greg, There are a lot of factors to consider but for my purposes I'm calculating a possible price as follows For every 100 BBLs/day of production x $20 canadian net per BBL x 365 days= $730000 divided by 15 million shares =5 cents per share x a factor of ten for the market.Works out to about 50 cents added to the current price of the stock.The beauty is that for an average feature a second well can be drilled next year. By Christmas I expect five wells completed and the stock to be around $3.00. Thats if all goes smoothly .Now if I'm right and this first well is sitting on top of a better than average structure then the boys from BN will really have something to write home about and we may see the price get closer to $2.00 !!! But don't get too excited yet I'm still trying to buy a little more stock.

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