TSXV:JPWR.H - Post by User
Comment by
stockykindaguyon Feb 03, 2018 8:55am
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Post# 27495882
RE:RE:Simple math: EPS at $1.64
RE:RE:Simple math: EPS at $1.64i think you're dreaming :
in reality, the price of bitcoin will most likely drop to 3000 to 4000 canadian per bitcoin and rest there for awhile.
the ceo needs to negotiate for cheap chips. if he can get them for 1/3 to 1/4 of the price they were goingfor in december, that would be best. if he paid december prices, al, we could get was 2100 mined coins this year, but with better pricing, we have the possibility of 5000 to 8000 lets say.
most of the people dont take int their estimations that every two weeks, you mine 5% less than before as more people jump onto the system. obvioulsy, the lower the price of bitcoin, the less that will be mining as they need to pay for power and we don't.
but lets say we mine 5000 coins at 4k, thats 20 million bucks plus the 18.6 for the green certs for just producing the green power. so 38.6 gross. 3.86 goes to romania. g and a is lets say 5 mil. then a debt payment of 5 mil i think. so your looking at 25 million net.
thats somewhere around 10-11 cents a share fully diluted.
it doesnt pay canadian tax as its a trust
thats 1.50 at 15 times earnings with upside if the price starts slowly moving upwards
the lower the price of bitcoin may actually be the best thing possible for this company. it means less miners and better price points for equipment, especially with samsung and others coming in with chip price competition soon. if they can purchase another power station, then again, they'll be in a drivers seat with more low cost mining.
i'd rather be in a business where the price of bitcoin makes it unaffordable for other miners to succeed and puts purchasing power back in our hands.