Jurek

With regards to:

“If you would check my previous posts or CLL official Reports you could find that CLL TOTAL Cost of producing the 1 barrel of bitumen is well above $50/bbl”

The example I gave was based on $60.00 per barrel bitumen and the reported operating costs for POD one and Algar at 14000 barrels a day to determine what the value of the revenue stream would be if all debt were paid off by a suitor. Your $50 per barrel costs include all the other costs the company has, which may or not be associated directly with their bitumen production, including the interest on their debt. I don’t doubt that you may be technically correct when evaluating the stock price as currently applied to the company as a going concern, but I believe that your analysis is very misleading when establishing the potential value of the company.

Martin