RE: Economical Analasys?Profit on just Bald Butte for '06 @ 1000 tpd = 7.5MM u.s. (give or take)
Shares FD (4 months after 2nd Tranche PP closing) @ ~45MM (give/take)
EPS of .1666/share u.s.
EPS multiple* Share Value** Market Cap u.s.$ (45 Mill. FD)
5x .83 u.s. = 37,350,000
7x 1.16 u.s. = 52,200,000
10x 1.66 u.s.= 74,700,000
14x 2.33 u.s.= 104,850,000
*Historical Average EPS is 14x.
**In CDN $ will be ~15% higher #.
This ONLY counts Bald Butte. No Chong, Oil & Gas or any other property that may be acquired/developed.