Friday, January 11, 2008 11:31:49 AM
However, they stated in later PR's that production exceeded their forecasts by 40% I believe, so that leaves us with 420 million dollars revenue for the year 2007.
Saying that costs and expenses are 70% of that, or 294 million dollars, leaves us with 126 million in profit for 2007. That gives us an earnings per share of 35 cents a share. Put us at an EXTREMELY conservative P/E ratio of 15, and we get that our shares are then trading at $5.27 a piece. Next thing is uplisting to the NYSE.
Ofcourse we won't know the truth though until the financials are released. But, this is reasonable speculation I think based on previous PR's.
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