CMK will be very profitable At the initial stage if it meet the 1.7 million target and assuming a net profit of $40 per ton we have a 70million net for the year divided by 220 million shares fully diluted you have 30cents per share. the P/E ratio for the sector is 5-7. If earnings per share is multiplied by 5 you have a share price of $1.5 this is the share price that TD securities gave. If you multiply the earning per share by 7 you have a price of 2.10 and this is the price of the other rating agencies. Now if it ramps up production to 3million the price of the stock is $3 to 3.50.