#'s to consider as 'Production' commences Monday.Ok. Lets start with these #'s:
Profit on just Bald Butte for '06 @ 7.5MM u.s. (give or take)
Shares FD (4 months after 2nd Tranche PP closing) @ ~45MM (give/take)
EPS of .25625/share u.s.
EPS multiple* Share Value**
5x .78 u.s.
7x 1.09 u.s.
10x 2.56 u.s.
14x 2.19 u.s.
*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.
I'll be very happy with 5x !!!
(Yes, weak hands were shaken out BADLY in the last sell off. This also tends to happen right before the big move. BTDT (Been There, Done That))