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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Paul Senior who wrote (159808)11/15/2011 10:01:48 PM
From: Ed Ajootian  Read Replies (1) of 206112
 
Paul, NiMin Energy (NNN.TO) -- just re-read your post and I see now that you were referring to GHS' use of the $100K per flowing barrel metric, which happened coincidentally to be the same one I used when discussing my property.

I would agree with you that it doesn't make too much sense to try to value NiMin on a flowing barrel metric, mostly due to the fact that so much of their value relates to barrels that currently just ain't flowing. That is, the PUDs in Wyoming and the undeveloped CMD reserves in Cal.
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