TSXV:AAA.P - Post by User
Comment by
butthenagainon Apr 27, 2013 3:29pm
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Post# 21309966
RE: $3
RE: $3 Actually, my rough numbers come out very close to sdomae's $3 forecast. I base this on conservative estimates that could change with both pro or con developments.
I see a possible 100M tons per year at $400 per for a total income of $400M. Costs come close to $100M. That leaves profit @ 300M. About 1/3 of that goes to the government in one form or another. The remainder would be profit, about 200M. I guess outstanding shares including options etc to be around 300M. This leaves profits per share @$.66. I give a PE of 5 because of location and unknown terms of financing and off-takes. This works out to $.66 X 5= $3.30. My guess is that a buyout sooner than 2 years would bring in less.
My holdings have doubled in the past year to well over 1/4M and have still not sold a share. I am at my limit for purchasing(I think). Its either that or the wife commits me for evaluation. She's a banker thinks with small cap investing, nothing is as good as it seems beforehand. Go figure!!!!
JMO, butthenagain