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mystiq

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mystiq

Re: viking86 post# 106

Tuesday, 04/13/2010 10:36:01 AM

Tuesday, April 13, 2010 10:36:01 AM

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Bogus7

This is my opinion on CNAM earning starting Q4-just 6 mo away.

720mil Mg ore over 18 mo so 40 mil/mo at 4-5% net profit
440 mil rev per yr for metal recycling so 110m/Q at 7-8% net profit

120mil at 4-5% margin is around 5 mil net profit/Q from Mg sale
110mil at 7-8% margin is around 8 mil net profit/Q from recycling

so 13 mil dollar NP/Q for 15mil shares in Q4 10 is 86 cents EPS/Q
so for full yr is $3.44.

Am I missing ? No counting any iron ore or other sales.
Any thoughts?
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