American International Petroleum Corp Message Board

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Gold/Mining/Energy : American International Petroleum Corp

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To: MARIO PASQUA who wrote (5331)	11/25/1997 9:19:00 AM
From: Sycamore	Read Replies (1) of 11888

SO.. If we take the 7.3 Bil Bar of potential oil and use the normal price for potential reserves at .50 per barrel and multiply that time "<<7.3 barrels ... we have 3.6 Billion Dollars valuation...but we have all heard that AIPN turn down that first offer of around .50 and other offers maybe in the range of .75- $1.00 -But since we won't even approach GREAT RESULTS for the sake of this exercise...just take the $3.6Bil valuation and divide it by the 54Mil shares and the per share price valuation is $66.00!! -And thats a figure arrived at only .50 a barrel and only one buyer taking all the site..... -Now we know we have more sites and one has tremendous potential..and possible more than one buyer...so you see where GREAT can lead you...>>" Mario, You know my position on the stock, I love this baby! But, I think the numbers above may be too high. It assumes that everything will happen 100%. What about the discount for recovery rate? Bare in mind too that AIPN owns only 70% of the concession. For me at least I'd like to believe that $20-$30 is a reasonable expectation, 1-4 months from now. P.S. I know those numbers came from somebody else but hey, if it happens, again, you won't hear me complaining.

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