12-27-2012, 12:59 AM
"I don't know what "fair" is necessarily but I get the impression anything under $150 would not get serious consideration"
ebster, you may very well be right. I agree, $150 is low relative to the true value of the resource. I simply don't have a good feel for what $$$ would be sufficient to get the approval of large shareholders/board. I only sense anything under $150 would not get approved. Yes, I often wonder why a SM has not swooped in to buy this resource. If appears the probability is high there are at least 20 Trillion cf and liquids. That would be a needle mover. $300 would indeed be a steal!
ebster, you may very well be right. I agree, $150 is low relative to the true value of the resource. I simply don't have a good feel for what $$$ would be sufficient to get the approval of large shareholders/board. I only sense anything under $150 would not get approved. Yes, I often wonder why a SM has not swooped in to buy this resource. If appears the probability is high there are at least 20 Trillion cf and liquids. That would be a needle mover. $300 would indeed be a steal!