GGX
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rough sums

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    205 Posts.
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    24/06/13
    11:22
    Post #: 11919533
    By my rough calculations please tell me of I'm wrong
    At 3.5cents and 401 million shares
    Current value = 401000000 * .035
    =14035000.00 or 14 million 35thousand

    Then times 12 million barrels times 100.00 a barrel
    =1.2 billion dollars
    Divide by 401million shares again
    =$2.99 a share so almost 100 times undervalued just on the oil.

    Is this the correct way to roughly work out value?
    GGX Price at posting: 3.5¢ Sentiment: ST Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

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