Jim,
I've been in CSMA at $0.75 for quite a while, and whilst not entirely
happy with the current price, still think that the good times are
soon to come. No sighs here. Just patience and a warm fuzzy feeling
about the things about to happen.
As we've thrashed over before, the class V disposal well should be
the cash cow that propels CSMA's share price well north. At the lower
end of the suggested $10-$30 disposal fees and a midrange of the
14,000 BPD capacity, Envirotech should still produce significant
earnings. e.g.
5,000 bpd x $10 x 250 days/year = $12,500,000 or about $0.50/share.
10,000 bpd x $15 x 250 days/year = $37,500,000, or towards $2/share.
Multiply by your favourite PE ratio and break out the champagne.
Yes, it's been a long time coming, but when it does happen, sparks
should fly. Remember that recently introduced legislation in Utah
will greatly encourage waste producers to dispose of waste legally
or risk substantial fines. And, Envirotech is the only class V around
for several hundred kilometres.
:-)
Durro |
