Morella Corp Ltd (ALTAF)

[instructmba]

Per Annual Report the Stage II is projecting 440,000 dmt at U.S. $691.00 or $304,040,000 gross revs per year. Not sure how this all shakes out on EPS let alone final market price per share. If your costs of 50% is true we are looking at over $150 million per year ebitda.

Only question is what multiple of earnings we will trade and if $691 per ton remains flat or perhaps hits $950! Regardless a 4 to 1 RS might be in order to get to a more manageable 500,000,000 AS.