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Gold/Mining/Energy : Canadian Oil & Gas Companies -- Ignore unavailable to you. Want to Upgrade?


To: Stephen Bedingfield who wrote (5213)6/25/1998 12:02:00 PM
From: Money Maker (MM)  Read Replies (1) | Respond to of 24898
 
ABRG is an undervalued company.
[please, also check it on ABRG thread]

Company value based on two projects:
1.Alberta's property = $ 28.62M
2.The Beaufort Sea Project:
$12.78M + $133.8M + $91.6M = $238.18M
Total = $266.80M

Outstanding shares based on TA information is around 31M (floating only 11M).
So, the share value is:
$266.81M
--------- = $8.6/share
31M

That's why ABRG at the current price, $0.10, is very undervalued.

MM