STBY here INVESTORS BUSINESS DAILY PAGE A 23
investors.com
LOL, but you have to buy a copy of the paper.
Also, found on RB:
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y: technetx
Reply To: None
Saturday, 24 Jun 2000 at 5:21 PM EDT
Post # of 1366
Garnet mime is a profitable acquisition. This is the way I figure it: STBY used 15 million shares to purchase a business
(Sweetwater Garnet mine and pay off $1 million in debt). The mine will generate,at the low end of estimate, 12,000 tons of
garnet per year. The average revenue from each ton is about $200/ton.
Now, 12000 x 200 = $2.4 million
assume gross margins to be 50%
profit = $1.2 million
$1.2 million divided by 15 million shares= $.08 per share.
That's nice earnings ON THOSE SHARES USED FOR PURCHASE.
Further, if STBY can bring in another $2 to 4 million (revenue) from vermiculite mining (and exfoliating) this year, that's
approx. .02 to .04 per share profit (assuming 50% gross margin, but profit margin could be higher) on the remaining 50
million outstanding shares.
All together: AT THE MINIMUM: $1.2 profit from garnet; $1 million from vermiculite exfoliation and mining; assuming 65
million shares outstanding; that's an EPS = .034
What will investors, and related publications, should really take notice then. Not bad for a company that never made any
money in the past. When these numbers are in "black and white" , IMO, STBY will gap up again. STBY will gap up in price
also when commercial financing is secured. These two major events that will change the trading range for STBY, probably,
forever. |
