EBR 0.25% 98.8¢ ebr systems inc.

gilbert/mclean drilling

  1. 772 Posts.
    EBR fans for your interest only. My simple comparison as to why I chose EBR over GOP. Similar arguments can be made for MOG. I prefer the multiple success options over "one shot wonders" even though success will bring big$ to Gop etc. (posted this on GOP board)
    "Gop are paying 95% of an estimated $5.7 mil for Gilbert 1. If its a flop they are shot. They only had $5.4 mil in the bank. On the other hand, If it comes in they are set.
    Eagle Bay resources are only funding 5% and if it comes in its worth $0.42 to their share price (@56mmbl)
    If its a flop ...the Rig moves onto Maclean (EBR 25% free carried with 77mmbl potential worth $1.20 to EBR)
    If its a flop then their Cooper basin drilling should be underway (5 wells worth $0.62 to EBR free carried)
    If they all come in its worth as much as GOP on a Gilbert strike but if none of them come in EBR still has $7mil in the bank and gold copper uranium assets and a Graphite mine.
    A much better bet IMO
    (figures based on Stockanalysis report Sept 05)
    fc"
 
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