RE:RE:Mineworx CEO Presentation Benzinga Cleantech now onlineI know share price projections have been thrown out in the past, but let's use some numbers provided in this presentation. This ONLY INCLUDES the inital CC plant and nothing else.
$100m revenue annual @ 20% margins = $20m profit.
Using 355m shares (fully diluted) = $0.05633 profit per share.
Now apply whatever P/E ratio you feel appropriate, but let's say something like 15 and that equates to a SP of $0.84.
Keep in mind that GP said later in the presentation that he anticipates revenues from the initial plant to be "well in excess of $100m annually", but we used 100m. Also, the margins are expected to be >20%, but I used 20%. Also that the P/E of 15 is probably low.
This is all for 1 plant, if it "works" and it meets projections provided in the presentation.
Now, think about multiple plants in North America. Think about the mining assets that are not included in this calculation.
Will the process work? Will the plant design work? Are the future legal ramifications with Enviroleach? In addition to the cost of the feedstock from Davis, are there additional payments that will need to be made to them that will reduce margins? All questions we will not be able to answer right now. However, if you look at the current SP and the potential if things do work out, then this risk/reward scenario certainly seems attractive.
Keep in mind that I am a IT person by trait, not a financial advisor.
Good luck to all.