ALBERTA $CDN projections are awesome!I made some calculations on the new information we received in new PR about Alberta:
Let assume that a 1mw farm produces 2.2 million kwh per year based on an average of 5 peak hours of sun per day (6027kwh/dayx365).
2.2 million kwh x 0.24/kwh CDN= $528,000 CDN for every MW built.
The first phase will bring in $12 million CDN per year. Divide that $12mill CDN by $528,000 CDN = 22.72mw.
So 22.72mw will bring in $12 million CDN per year at 0.24/kwh CDN.
Now assume that the cost to build one mw is $1mill CDN.(this is guess,anybody can help here?)
We have financing of CDN $120 Million to start divided 1mill CDN /mw = 120mw build out.
120mw x 2.2 million kwh per year = 264000000 kwh per year x 0.24/kwh CDN is $63.36 million CDN per year.
Can now anybody on this messageboard help me to give GRB a fair valuation in comparison with public traded competitors in solar energy?
32 million shares outstanding fully diluted (is this correct?).
So first year 120mw($63.36 million CDN) but Jeff is talking about 500mw in a few years($316.8 mill CDN).
If the $120mill CDN financing is done at favourable conditions we have tremendous potential here.
Am I missing something? are the calculations wrong?
Now we need to examine what shareprice could the Alberta projects be worth but my first calculations give a 6(120mw) to 24(500mw) CDN$/share as potential
I need some assistance here)