Whoops. I didn't calculate the JV deal into this. I would have got a C- on my algebra exam.
So $30,000,000 profit for the mine, approximate a time frame of 2 years.
JV takes $15,000,000 after exercising all warrants. Company earns $15,000,000 additional revenue for these 2 years. 7.5 a year.
company makes $15,000,000 a year/ 60,000,000 shares=
25 cents (average for the 2 years) x 15 multipe= $3.75 in 2 yrs.
I'll take it. Use the 15 million to break into a couple more mines, and grow from there.
Appreciate responses. |
