So, in simply math, I am calculating yearly revenue of $16.352M
Revenue:
CuCon - 25 tons/day x 320 days x $2200/ton = $17.6M/yr
Mag - 900 tons/day x 237 days (320-(83 days for Massey contract)) x $40/ton = $8.352M/year
Expenses:
800K/mo x 12 = $9.6M/yr
Profit:
Year 1 = $17.6M + $8.352M - $9.6M = $16.352M/yr
PPS:
Year 1 = $16.352M / 5.6B = .0029 x 10 times earnings = .029
Hypothetical PPS (assuming 1B share buy back):
$16.352M / 4.6B = .00355 x 10 times earnings = .0355
It looks like straight numbers from Charles mouth (minus a potential increase in Mag) are shy of the high end of his .03-.06 pps prediction. Now, this of course would be based on a 10x multiplier, not some astromonical number that we could see with fluctuation. But, these should be pretty close in a steady market with a company traded on profit numbers.
Thoughts / Corrections?
