iPackets International Inc. (IPKL)

[dcbass]

Here are my latest and most conservative #'s.

I just spoke to Mr. Goodarzi, VP of Engineering.

He says that the production from the 10,000 square meter area (5K are buildings) will be expected to meet the fitting of 100 med to large sized mines in the next 1 to 3 years. (And remember, that the market is much bigger than 100 mines... in China alone we have 700 large mines)

So we have a revenue of 500 K for small mines, up to 2 million $ for large mines. So lets use a conservative number. 1 Mil per mine.

That gives us 100 mil in revenue over the next 1 to 3 years. Lets assume that it is 3 years.

JV revenue for IPKL should be between 25% and 35%. Lets be conservative and say 25% goes to IPKL.

So $25 mil for I packets over the next 3 years.

KAnno told me that margins are about 60%. So here is the deal....

60% of 25 mil is 15 mil in NET for 3 years. that is 5 mil NET per year (could be 15 mil net in 1 year).

Assuming an O/S of 3 BILLION (should be less once they are buying back shares), gives us 1.6 cents earnings per share annually.

For a high growth tech stock we could have a grea p e ratio. Here are some ideas of that.

P/E of 5. = $.08 share price
P/E of 10 = $.16 share price
P/E of 20 = $.32 share price
P/E of 40 = $.64 share price

These numbers were taken from REAL estimates, and using conservative numbers. That means with a p/e of 10 (most conservative), we have a 100 bagger minimum from .001. Imagine if the 1 to 3 years is met in 1 year! Triple the numbers.

And uplisting is very much on their minds. The first thing, he said, is to get the share price to a respectable level. Then an uplisting. Sounds good to me!

Dividends and buybacks were also part of the equation....

Please check my math folks, I'm just a musician!!!

B