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Miller Energy Resources, Inc. Message Board

  • foreverwhiteroses foreverwhiteroses Jun 30, 2011 10:30 AM Flag

    The Value of Present Value Calculations

    I have a naive question: In August, 2010, Miller announced that the present value of its Alska reserves alone was increased 46% to $1.2 billion. My question is how can a company with a present value of $1.2 billion for merely one of its properties have a market cap of only $249 million? I have no other comparisons of comparable companies and no knowledge of how these types of calculations are used to value cmpanies, but, on the surface, this just doesn't seem right.... Why wouldn't there be extraordinary interest by other companies to acquire MILL?

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