Wednesday, March 20, 2019 10:44:35 PM
Eager to see the agreement with Algae Tech, the JV could be huge.
Some speculative figures:
How many Astaxanthin eggs does LGBS can sell daily in the US and Canada?
With a population of 360 Million, just taking 1% of them makes
3.3 Million potential customers eating daily A-eggs.
Each egg sells for $0.35, Whole sale price could be 50% of it,
LGBS could take 25% of the sale (JV with Algae Tech ) and earnings before taxes could be 15% of the revenues.
Profit/year = (3.3 M x $0.35 x 50% x 360) x 25% x 15% = $7.8 M/y
OS = 2000 M shrs, PE =20
=> PPS = ($7.8/2000 M) X 20 = 0.078
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