I think I saw in the Video Murphy Sand and Gravel already have contracts in place for 80 million dollars. I am not even sure when that part of the film was made and edited.
4/18/2007
Mr. Zornes added, “We are currently loading about one hundred trucks per day, levels unheard of at the MS&G mine site, and based on the number of inquiries regarding purchase of MS&G products, we anticipate the doubling of order volume over the next 30 to 45 days. Demand is so high for our products in the Gulf Coast region that we believe sales are currently limited only by our ability to produce product. We are adding equipment weekly to increase our production number.”
5/1/2007
Murphy Sand & Gravel (MS&G) mine at Pearl River, LA is installing a new production operation that is expected to increase its production capability by 130%.
The company indicated that the new production operation with the capacity to produce up to 350 tons per hour of material will be in production in three to four weeks. The following equipment is being added to the MS&G mine site as the new production operation is installed.
"We are receiving new orders for materials and requests for quotations for large contracts on a continuing basis, and due to the growing demand we expect to be adding more work sites at MS&G as cash flows will allow."
3/06/2007
Murphy Sand & Gravel, Commits to 24 Hr/Day, 6 Day/Week Mining Operation
At 350 Tons per hour at 7488 hours is 2,620,000 Tons of material.
I would not be surprised to see us break 100 million this year. This business has good profit margins. I would not be surprised to see a 15 million net in this division alone.
With 200 million shares or more retired to the Treasury which I would expect over the course of the next year. That would be 615 million shares outstanding. That would be .024 cents a share with a PE of just 15 would put this stock at.36 cents. That is just with this division alone. I hope I am write about the huge short position because if so I see many more shares retired.
