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Gold/Mining/Energy : The New Osprey Limited

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To: Buckey who wrote (318)	9/1/2002 9:54:44 AM
From: Bearcatbob	Read Replies (1) of 338

"BB - what do you make of the share price versus the value of the producing properties?" I have at times tried to compare the juniors in a numerical fashion. What I have found is the companies seem to trade at a market cap + debt value (enterprise value) of 3 to 5 million $ per mmcfd of production. Therefore, if OEL could reach 10 mmmcfd with success of the Crosby wells and avoid a lot of debt - one could surmise the company could have a total value of $30 - 50 million $. If there are 15 million shares when this happens OEL could trade at $2 to $3 per share - US. Now - would that not be nice! Now - can the production be achieved? Can it be achieved without a lot of dilution? In box me an email address and I will email you the spreadsheet - perhaps you could do the 2 Q updates for me - lol. Bob

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