Just wanna see what you all think as far what we should see from the Montana sale. Ive researched acreage prices, and the numbers are all over the place. Very conservatively, I estimate the land itself should bring $40-$60 million. On the high side I could see $100-150+ million. What else would be included in the sale, or will it just be a land purchase? I cant see anywhere that Quicksilver has really done much drilling or development, due to the inadequate results of other companies in the region. My purpose here is to figure some sort of approximation as what the pps may be when we see the news. Of course the short covering may play a factor, but with that aside, what do you think? $2.00? $2.50? Higher? Your thoughts are welcomed and appreciated.
I think the MT sale, if 100-150mm, would bump the share price over that $1.70 resistance to maybe $1.80-$2.00 range. The $2.50 would be great, but probably a bit ambitious. All depends on the amount of the sale.