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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (159808)	11/15/2011 9:16:33 PM
From: Ed Ajootian	Respond to of 206110

Paul, sorry for any confusion there, my reference to $100K per flowing barrel was made with respect to my property sale and has nothing to do with evaluating NiMin Energy.

To: Paul Senior who wrote (159808)	11/15/2011 10:01:48 PM
From: Ed Ajootian	Read Replies (1) \| Respond to of 206110

Paul, NiMin Energy (NNN.TO) -- just re-read your post and I see now that you were referring to GHS' use of the $100K per flowing barrel metric, which happened coincidentally to be the same one I used when discussing my property. I would agree with you that it doesn't make too much sense to try to value NiMin on a flowing barrel metric, mostly due to the fact that so much of their value relates to barrels that currently just ain't flowing. That is, the PUDs in Wyoming and the undeveloped CMD reserves in Cal.