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?
By my rough calculations please tell me of I'm wrong At 3.5cents...
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