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Sunday, May 10, 2009 2:58:51 PM
It is critical to note two things above in the quote:
1. That is $33 million operating profit annually for one of the two projects. The other is not yet announced, but soon I would expect to see a projection for the other.
2. Operations start in 12 to 14 months after funding. Funding will likely take place very soon. That would put these operating profits into the company by likely next summer.
This is an extraordinary amount of annual operating profits. Now consider that the other project may have the same or similar operating profits. Again - I do not know, and have not heard what those projections are likely to be from my contact with management. But let's say it is the same. That would be $66 million USD, and there are just over 50 million shares. When you slap any industry p/e ratio on this, you see big numbers.
The company is seeking to be fully reporting. I think this is critical. They explain this in the April 23, 2009 release. Transparency is critical to a deal like this.
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