BPI Industries Ltd (BPR-VSE) Message Board

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Gold/Mining/Energy : BPI Industries Ltd (BPR-VSE)

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To: VIP Condo who wrote (192)	1/13/1999 6:59:00 PM
From: Francis R. Biscan Jr.	Read Replies (1) of 355

Condo and Cliff, Maybe would could try and determine what good numbers would be. What kind of proven number would you guys be happy with?? From what I have gathered on valuing gas plays, 1BCF is supposed to be worth 100 million U.S. Anyone hear any different, up or down?? So if this thing comes in at 0.5TCF as suggested in one of their past news releases, the project will have proven gas worth 500 million. BPI has about 41% of this project, so they would have a value of 205 million. I think they currently have about 12.5 million shares out, so that would equate to about $16.00 per share. I am in no way thinking we will head straight to $16.00, but I think I would be happy with 0.5TCF. I think how long it took for all of this to get completed will be a drag on the share price and keep it from going as high as it could of initially, but the value will finally be established. Any opinions, comments?? Rich

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