Thursday, October 15, 2020 10:47:09 AM
Government document showing Isthmus Project in Execution Phase from 8/27 + tweeted photo of Ward with Isthmus management two weeks later on 9/10 = $3/share worst case scenario from just 1 Project
Ward said in the “Needs over wants” article that all of his projects split the net profit 50/50 with the Mexican government. The isthmus PR reveals that once all aspects of the Isthmus are up and running (in 18-24 months) the net income to the Mexican government will be $1.4B annually. Therefore, there will also be $1.4B to the Mirage/NHL & BBI partnership. 75% goes to BBI and 25% to the Mirage/NHL partnership and that split 50/50 = $175,000,000 annual income. Based off Penny’s chart in the About Section of this page, with a worst case scenario P/E ratio of 10, that lands us just shy of $3/share worst case scenario from just 1 Project.
Gov doc from 8/27 showing the Isthmus Project in the Execution Phase (pg 42):
Click Here
Tweeted photo of Ward, Jesus, & (likely) Salvador Moreno w/ the Isthmus Project management from 9/10:
Click here
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