Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : KOB.TO - East Lost Hills & GSJB joint venture -- Ignore unavailable to you. Want to Upgrade?

To: Tommy D who wrote (11974)	9/23/2000 12:16:37 PM
From: jmd	Read Replies (1) \| Respond to of 15703

While i was checking the PURCELL website (water problems at Ford Liard) I came to the following question. In the Impact Analysis of the ELH project it is assumed that 1 MCF in the ground is worth 2,5 CDN ( I think that AG EDWARDS also uses the same estimations). Purcell has more or less 100 BCF reserves and a production of 30 MMCFPD by the end of 2000. This should be worth 250 MIO CDN or 10 CDN per share (24 mio shares and 2 mio LT debt). How come that they estimate their net asset value per share at 3 CDN at the end off 1999? Is the assumption 1 MCF = 2,5 CDN correct ?