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Re: stervc post# 376

Wednesday, 11/07/2007 8:46:24 AM

Wednesday, November 07, 2007 8:46:24 AM

Post# of 17004
Not sure you can really apply a PE to a one of deal, however there were some items you left off

Income / Value of the mine (10m resale value guessed)
Value of the remaining property (2.5m)
Possible valuation of the Recycling centre (1.5m)

+ about 3m cash - 0m debt(Assuming it's all cleared)

= 17m of BV $1.40 per share

The company will have to start showing repeatable and growing earnings to earn a PE as high as 12 (IMO but hey i hope ur right)

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