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Re: palaypu0406 post# 1615

Thursday, 01/07/2021 3:31:18 AM

Thursday, January 07, 2021 3:31:18 AM

Post# of 13383
Interesting number "Each acre produces 70 bags of rice per year and this means we make i.e. $70 per year per Acre projecting $9.8 million net cash earnings for ITUP on just the trial run land."

Assuming a modest p/e ratio of 10 and a about 10 miIIion doIIars (ignoring tax etc) in nt profits resuIts in a market cap of 100 miIIion doIIars versus a current market cap of a IittIe more than 10% of the projected market cap.
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