NAMX -- North American Expl.-- Que Sera Sera! Message Board

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Microcap & Penny Stocks : NAMX -- North American Expl.-- Que Sera Sera!

NAMX 0.0001000

0.0%

Mar 7 3:00 PM EST

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To: proud dad who wrote (1869)	12/18/1997 9:01:00 PM
From: Sidney Reilly	Read Replies (3) of 4736

Phil, Yes I'll go for that! The Net Tangible Assets that will be accumulating for NAE now and in the future give the company a cash value per share. The Nebraska reserves are what we have to go by now. When filings come we will see the whole picture. $2.89 (per thousand cu.ft.) x 23bcf= $66,470,000 $66,470,000/62,000,000 (shares issued) = $1.07/share value right now. That's sounds like a bargain to me. Some expenses and royalties will have to come out of that. But we have a company who's stock value is far above what it's currently trading at. As more assets are aquired that picture just gets better. cya, Bob

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