Ummm...
Even better.
$400 per tonne x 25,000,000 tonnes = $10,000,000,000. That's ten billion, my good man. :-)
Maybe even your calculator is having a hard time comprehending the potential.
Now, my figures for value are lower...and you have to factor in the capital cost, and cost of mining and all. But that's an idea.
The real payoff in share price comes only with earnings per share. Some time back, "Tomato" or someone posted my EPS calculations on this thread. Probably about two weeks ago.
Pick the numbers you like and multiply by 12 to 20, a traditional multiple range. Maybe cut it in half for the time delay.
There's no mathematical answer to the question, however.
The shares are worth what someone will buy them for.
Regards,
WillP |
