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$76/12 is $6.3 million per month in capacity, and he did not say they were ready for that type of production yet. Lev said that the Hanil contract should be worth $18 million over the next year (or $1.5 million/month). Therefore I expect initial revenues of about $1.5 per month ramping up (with purchase orders of course) to $6.3/month at year end. That is an average of about $3.9/month or $46 million/yr. ( I don't imagine that the Alliant contract is significant at this point.) I am guesstimating that cash burn rate of at least $3million/month, leaving about $10,000,000 to split amongst the 28 million share float or about .357 per share, a pe of 30 (would be justifiable because of the growth prospects--i.e. 250 million capacity down the road)for a stock price of $11. Some external price pressures, short covering, analyst coverage, positive press,licensing agreements, jv income, etc would push the price much higher....who knows, just a conservative guess...(I am not comfortable with taking a stab at raw materials costs, if anyone can offer an educated opinion I would appreciate it.) |
