First Tidal Acquisition Corp T.AAA

RE: RE: RE: RE: RE: BNN + KRN

[Karmanow]

My estimate stays the same...again, you seem to miss the point I was making...maybe you can explain why KRN should be valued 7 times more than AAA...if you can not, then either AAA is 7 times undervalued or your KRN is going to be very expensive when share dilution actually comes along.....I prefer AAA being 7 times undervalued..so we should be trading at $7.00 by christmas all things considered...and what if we have a signed Offtake Agreement that KRN will not have??
Oh and since you asked...
2 million tons of KCL produced per year (50%MOP and 50%SOP) x $400 net per ton average =
$800 million net operating income NOI / 200 million shares outstanding at time of production = $4.00 net earnings per share per year x 10 times forward earnings...industry standard for major Ag producers.-= $40.00 per share AAA
(as 60%debt financing and 40% joint venture financing and or offtake agreement)
Hope that helps fiddle...maybe you can explain how KRN can maintain or command $16 per share with a major share offering pending at some point??
Karma