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Re: es1 post# 174986

Monday, 10/14/2019 2:49:40 PM

Monday, October 14, 2019 2:49:40 PM

Post# of 281258
100 metric tons is $7.5 million a year.

Metric tons, which is the unit of measurement for 450 (metric) tons of silk from Vietnam, are 1,000 kilos.

100 metric tons * 1,000 kilos/ton * $75/kilo = $7,500,000 in sales per year.

At a PPE of 30-to-1, I think that creates a market cap of $225 million. Divide by about 830 million shares, that produces a share price of around 27 cents each.

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