GREY:ARGEF - Post by User
Post by
juanito1on Sep 27, 2012 9:42am
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Post# 20419761
Numbers DON'T Lie
Numbers DON'T Lie I think it is worth repeating now that this message board has become more popular with new eyes on it. I have done a picture of what Argex could do with there 50,000 tons per annum plant. This is using a discounted selling price of TiO2 at $3500/ton (now trading at $4500/ton and expected to climb), using operating and raw material cost of $1000/ton (company thinks this number is more like $750/ton), and assuming another 50 miilion shares outstanding. Argex has the ability to generate $125 million of free cash flow, and earnings of $85 million after tax, assuming a 30% tax rate. Earning per share of the FIRST PLANT ONLY of 50 to 60 cents......in two to three years. The stock is $10 plus....mark my words...stay long my friends...