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Thanks MB and rdesroch. A couple of follow up questions. GSX has a market cap of $450 M. What should one place as the value of the company based on 3 tcf reserves? Perhaps $1-$1.50 per mcf?Thanks
These are going to be possible reserves, 1.2 tcf jan 05, more has been added since the rest to follow. I would guess they are under 2 tcf as of today.On the market, 2 years ago they were selling at a rate of $.50 an mcf. that should be some what higher today, maybe $.60 to $.75 an mcf.If the company was put up for sale, it should fetch around $1 billion, more or less.