RE:Colemanite Prices on the Rise in South America200.000 tones x 700 = 140,000,000 per year
after expenses : .6 x 140,000,000 = 84,000,000
convert to cdn $ = 105,000,000
Erin's half .5 X 105,000,000 52,500,000
assume warrants exercised.......200M shares outstanding
ball park 25 cents per share...........easy 10 cents per year divvy
Share price.....5x, 8x 10x 15x earnings per share?......whatever value it turns out it will be a far cry from 6 cents
time to average down or load up
just my opinion .......use or flush as you see fit