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Re: Drexion2004 post# 1656

Sunday, 11/29/2009 5:21:11 PM

Sunday, November 29, 2009 5:21:11 PM

Post# of 2230
Hello Drexion, ok, 48% Net margins, the 18% ownership gives $850K or 6 cents a share extra or $0.25 a quarter or $10 stock at P/E 10, assuming Q4 no better.

The full mine, alone, at cost of $81 million would generate earnings of $1.61. At $5.30 ish PUDA market cap is $81 Million as well, and in it's best year 2008 that produced $1.12. So, even if they diluted to buy the mine at this price, stupid, it would be accretive acquisition.

Assuming these parameters it looks good.

rich