GREY:VMSTF - Post by User
Comment by
U3082014on Mar 15, 2012 4:34pm
257 Views
Post# 19676900
RE: RE: RE: Vms Eyes Healthy Cash Flow at Reed
RE: RE: RE: Vms Eyes Healthy Cash Flow at Reed ON the 2.8 MT it is 85 million over 5-6 years PROFIT for VMS.
I believe that is AFTER start-up costs....are paid for.
So roughly 15-16 million/year clear profit for VMS.(after taxes& expenses)
X that number by an earnings multiple (somewhere between 5x and 10x) and divide that by outsanding shares(135 Million).
and you will get a number between .55 cents and 1.10. add to that the value of their other properties, cash, and other assets.
..and YES that number could increase as we all know there is more than 2.8 MT of ore @ Reed Lake.