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Microcap & Penny Stocks : NAMX -- North American Expl.-- Que Sera Sera! -- Ignore unavailable to you. Want to Upgrade?

To: MarcG who wrote (1961)	12/22/1997 7:23:00 PM
From: CVJ	Read Replies (2) \| Respond to of 4736

Marc, No, I wasn't trying project a stock price. I only substituted what I thought was a more legitimate figure of 172 million issued shares rather than Bob's use of only the float of 62 million. Using 172 as a divisor instead of 62 results in much less value per share than Bob's $1.07. I suppose that if nothing else changes, then my result of ~ $0.38 per share could be considered as a component of a 1998 target based only on the value of the Nebraska holes. New reserves would have to be discovered faster than the Nebraska holes are emptied for the value of this component of the stock price to increase. I realize there are other factors that could affect the value of a stock, but I only intended to correct one isolated factor that seemed to me to be inappropriately interpreted. Chas