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Earthworks Industries Inc V.EWK

Alternate Symbol(s):  EAATF

Earthworks Industries Inc. is a Canada-based company, which is in the development stage. The Company has no operations, no significant revenues and has not completed the landfill project. The Company has completed an environmental impact study of a landfill project through its wholly owned subsidiary, Cortina Integrated Waste Management Inc. (CIWM). The Company’s Cortina Integrated Waste Management project is approximately 60 miles from Sacramento and approximately 100 miles from San Francisco. It offers an opportunity for investors to meet the growing demand for waste disposal capacity.


TSXV:EWK - Post by User

Post by dimar66on Jan 28, 2022 4:13am
322 Views
Post# 34369974

Well Finally coming to a resolution

Well Finally coming to a resolution
$725,000,000 U.S. Revenues for the life of the project, maybe 100mm shares outstanding, so $7.25 per share.   Capital costs 90mm plus operating costs 185mm  = 275mm, or $4.50 surplus per share over life of project? If we sell the project there would be a discount on a this.  Don't know the life of the project, but if it were 20 years that would be 0.225 per share. a price to earnings ratio of 10 would mean $2.25 price per share?  Well maybe a ten bagger, but still a long wait to get here.  Of coarse there are still a few things to wait for so it ain't over till its over.....
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