Well, Andrew, let's pretend GRNO completes the current backlog of $25 million with the 55% margin. Divide by 5.2 million shares (going by foggy memory here) and you get
$25 million X .55 / 5.2 million shares = $2.64
No, wait, that's not it.
Let's try this.
For reference, assuming 24 hours/day continuous automated operation, processing 400 gal/hour with a 35 cent margin/gal, allowing 35 days per year down time for maintenance, and 5.2 million shares outstanding, per unit earnings per share is
24 X 400 X 35 X 330 / 5,200,000 = 21.3 cents/share/year net
Let's pretend 10 units are built and run domestically by GRNO for 6 months average.
$0.213 X 10 units X 1/2 year = $1.06/in 1997
How's that?
Sorry, I don't want to sound patronizing or sarcastic, I'm just having fun. It all really boils down to how much they can accomplish within the 12 months, none of us really has any idea.
Charles |
