Ridiculous valuation on Elk, page-3

Oh dear robynjackson.
It appears as though your argument is self defeating....
You state:
"That cost per barrel is cheap. IIRC in North Dakota the cost per barrel is around $10".
If you agree that the cost of shipping per barrel in North Dakota is $10/barrel, does that not place significant value on the ELK 100% owned Grieve Pipeline????

Maybe my estimate of $4/barrel that ELK could charge Denbury for the transportation (as this is the only permissible route of transporting the Grieve field oil) is underestimated????
Further, the Grieve pipeline is connected to 4 other oil fields that still have significant oil in place....
My comment on trucking being unviable is made relative to the cost of transporting oil via the pipeline. I would have thought this was easily understood by such experts....

DYOR, but you will be pleasantly surprised with this one.....