Hi Rick,
<<PYRX would be valued at:
((4,000,000,000,000/1000) X 0.0925)/17,800,000 = $20.79 CDN>>
PYRX after the present financing, (and if they do the full $ 1.5 million more they announced), would have 19.2 million shares out fully diluted. But the 9.253% interest you are using is the after payout interest, not before payout! as is the case with the others.
Using my best guesstimates of the JV partners' after payout interest on this portion of the ELH only and making some conservative adjustments for their present worth, I come up with:
ELK....$ 14.05...+ 346%
HTP....$ 11.86... +519%
KOB....$ 6.79... +528%
RLP....$ 8.94... +231%
PYRX...$ 14.03(US)... +523%
WML....$ 14.78... +236%
These numbers are based on today's closing prices and your 4 TCF example valued at 1 CDN$/mcf. As you can see, there is little difference between the juniors now, but a big difference between the producers.
IMO anyway, BWTFDIK.
Got to rest my fingers now for sure. Have a good one.
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