Gulf Resources Inc (GURE)

[finesand]

Generous Napkin Net Net Positive $2.45/sh - $4.78/sh

1Q18 Numbers for Net-Net-Postive:

OS 47M

- Cash $237M, ignoring rest of $249M current assets - generous
- Total Liabilities $12M
= $225M or $4.787/sh

- $110M Resurrection costs - generous
= $115M or $2.45/sh

Endgame is $1 - $4 EPS, see CC - surely would need even more time (use the Chinese P/E of 5-9 here) $1 EPS = Chinese $5 - $9 per share - w/ production running That is the same game as for BSPM, only diff is - GURE has all the money in cash

Edit: Re The delayed delay

If you read carefully, 6/10 facilities seems to be fine.
Solution for 4/10 facilities needs to be determined.
Just some government regulatory shaking .. company did rebuild and/or rectified most of the facilities.

/01