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Wednesday, December 16, 2009 11:24:53 AM
I'm going to do some rough numbers here. After reading, you should be SO excited, that you buy more shares....
O.K., Green Giant estimates $700 million harvest value for SL1. Personally, I think that is a bit high - maybe by 20-30%. For the sake of my point, we are going to reduce the timber harvest by 90%. YES - 90% to $70 million.
Let's say it costs 1/2 of that - $35 million to do the harvest (I'm sure it will be less, but stay with me here). Harvest is now worth $35 million. Now, let's say 1/2 of that goes to Chiefs, taxes, etc... We are now at $17.5 million. Let's say 1/2 0f that goes to JV Green Giant (I have NO idea if GG is entitled to ANY of the harvest $$$, but again, for the sake of my point...).
SGCP now has $8.75 MILLION dollars at it's disposal!!! At current stock price (.005) and O/S count of one billion (this I am assuming), the company could buy back EVER SINGLE SHARE and STILL have $3.75 MILLION in spare change. Or - pay a dividend of approx .009 per share!!! That's almost TWICE the current value of SGCP.
REMEMBER - these are "low-ball" numbers. AND this is ONLY from the timber harvest of SL1.
We still have possible:
SL1 CC $$$
SL2 CC $$$
SL2 timber harvest
SL3 CC $$$
SL3 timber harvest
Gold $$$
Diamonds $$$
Farming $$$
Excited about SGCP yet???
Go Cougs!
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