Ophir Resources Co. (SUFF)

[jufel]

Earnings Per Share EPS for this Project

Revenue/yr = $9 Mil.

Cost/yr = $2.25 Mil
( This is just an assumption, 25%, since we dont have data available )

Earnings/yr = $9 Mil. - $2.25 Mil = $6.75 Mil

Entk owns 51%
Earnings/yr = $3.44
EPS = $1.33/shr (For this Proyect)

Total EPS (Waste Energy + BioDiesel Refinery )
EPS = $1.16 + $1.33 = $2.49

Price To earning PE = 15 ( Normal for Utility Cos. )
Market Capitalization = 15*2.49 = $37.35/shr

Fair Value PE = 7 ( conservative )
Market Capitalization = 7*2.49 = $17.43/shr