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Gold/Mining/Energy : C.DOY Doreal Energy Corp.
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To: Nikole Wollerstein who wrote (101)3/27/1999 7:23:00 AM
From: Bearcatbob  Read Replies (2) of 133
 
Nikita,

Here is another question in addition to your trades on etrade. If the Portugal well were to find one TCF of gas my valuation approximation goes something like this:

10^12/(10^1)*($.50/10E3) = .5*10^8$/(approx 10^6 Shares) = $5 per share

So, with DOY strong at 3.60 either someone thinks there is a much bigger reserve defined or the price is nearing a peak for near term valuation.

Any thoughts from the thread would be appreciated.

B0b
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