The bottom line is this company has a market cap currently at
9,520,000
The outstanding shares is 170 million
Their profit in 05 was 1.2 million
This stock if trading at a pe of just 15 should trade at 10.5 cents
The downside risk is nil.
I expect their goat farming business to grow signifigantly over the next few years.
A pree release from:
Apr 6, 2006 -- Blue Diamond Ventures Inc. (Other OTC:BLDV.PK - News) announced today it plans to build goat processing facilities in Oklahoma and Belize, saying it will aggressively market the world's most eaten meat and its value-added products of milk and cheese throughout the U.S., Mexico, Central America and the Caribbean.
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"This market has been growing at an annual rate of 30 percent since 1990," said Blue Diamond Ventures CEO and President John Quincey Moaning. "Our business model calls for an aggressive approach to secure those awaiting markets and we have spent significant time building a solid infrastructure."
Blue Diamond Ventures will initially produce goat milk and meat. The U.S. currently has a net deficit of goat milk, cheese and other product inventory, with Australia and New Zealand as primary suppliers of the goat meat sold commercially in the U.S. There are more than 460 million goats worldwide presently producing more than 4.5 million tons of milk and 1.2 million tons of meat, mohair, cashmere and leather.
Goat cheese, goat milk ice cream, yogurt and other cultured products have entered mainstream markets and are in high demand. Blue Diamond plans to construct a creamery with a milk processing line that handles milk from receiving and cool storage through pasteurization, cool down and milk-container filling. A state-of-art cheese vat, cheese press and vacuum packaging machine, and a walk-in refrigerator for aging and storing cheese will be added to the creamery, Moaning said. Among the popular flavored cheeses the company plans to make include Cheddar, Colby, Feta, Mozzarella, Gouda and several herb-flavored soft cheeses.
Moaning also sees the untapped pet food industry as a viable market place for goat products. Esbilac, a popular milk replacement for dogs and cats, is now available in a formula made with goat milk, he said.
The second phase of Blue Diamond's goat initiative will be goat-fiber production of mohair and cashmere. Moaning said that the production of cashmere, one of the world's great luxuries, also has enormous income opportunities for the company, explaining that the fiber is quite expensive because of its remarkable softness and warmth.
