WHD .50-got this off of SH: Canot vouch for its veracity.
Much like CMK only better
WHD is much like Cline Mining which accumulated some nice properties when commodity prices were low, and are now trying to get these developed to production.
WHD has more advanced projects than Cline, as it already has gas 4 wells into production and that number should increase to 12 wells later this year.
As for its coal assets, they are simply monsters.
Nunavit has 5.5 billion tons of coal ,Tulita has 1.2 billion tons and Groundhog has 300 million tons of prime coking coal valued at $350 per ton.
The Colorado coal mine and gas reserves are extra to this, as is the new deal to develop 7 billion tons of coal in China.
By years end, WHD will be cash flowing from 600 boe/day of gas production which should give it a valuation of at least $0.60/share and that will double in 2009 when 12 more wells are added.
Perhaps more signioficantly, WHD has signed an agreement with Denver, Colorado based Power Ecalene Fuels, Inc. (PEF) to exclusively market and license PEF’s advanced coal/biomass Syngas to liquids conversion system. The coal feedstock is the base for West Hawk as it has coal available in various regions within North America and has access to coal via its partner Luan in China. Also the potential exists to commercialize and develop projects with this technology in Latin America and Europe. PEF’s technology is an efficient system that converts the syngas to liquids, with the design based mainly on jet fuels, ethanol and high quality alcohols. This technology will meet all the Kyoto environmental standards.
So, everything is coming into place that should see WHD move to the $5 level within a year. |
