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

To: beat the market who wrote (2279)	1/21/1998 3:47:00 PM
From: Sidney Reilly	Read Replies (3) \| Respond to of 4736

btm, I sure don't know and really don't have a target price in mind. We were trying to give the company a valuation at one time. This is highly flawed but lets take a stab at it. The company said it's engineers estimated the reserves of gas in Nebraska they are tapped into at more than 58.5 bcf. Based on 62 mil shares issued which a poster said recently they were told by the company and $2.89/thousand cf we get this. $2.89 per thou cf x 58.5 bcf= $169,065,000 $169,065,000 divided by 62,000,000 shares= $2.73 per share. This doesn't account for expenses and royalties etc. How does this look to you? Bob