TSXV:EVE.H - Post by User
Comment by
MynamesPhilipon Nov 01, 2019 7:03am
114 Views
Post# 30295937
RE:RE:Good news !
RE:RE:Good news ! Good math! I like this. Just to keep it in realistic scope as well - they still have to pay employees, pay to advertise (if they do that) and sell that much weed. But you never know people love the cheap bud especially if it's quality! Phil
BobZilla wrote: Eve's all-in cost per gram is less than $1.00.
I'm guessing more like 70 cents/gram when in full swing production/harvest in third quarter 2020.
50,000 kgs would cost it $35,000,000 to produce.
Not all of its weed will go to Germany....figure 1/3 in 2020.
So maybe 15,000 kgs at $6/gm sold to Germany and 35,000 kgs sold at $3/gm into Canada.
So, that's $90,000,000 sold to Germany and $105,000 ,000 sold to Canada = $195,000,000 total.
$195,000,000 less $35,000,000 all-in to produce = $160,000,000 net profit.
$160,000,000 divided by about 280,000,000 fully diluted shares = 57 cents per share/year.
Stock price at 5 times net earnings = $2.85/share
Stock price at 10 times net earnings = $5.70/share.
I figure full-blown production and sales in their third quater next year...July-Sept.
Cheers, BobZilla