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Thursday, April 15, 2010 4:49:20 PM
5 Mill/a fully maxed A/S x 15 price to earnings. 10x makes it .05.
I find it hard to run any other estimates due to not knowing production figures for the V3 to factor royalties per pound into the calc. Besides, any PR about investors in the farm throws that calc out the window. It triggers additional revs on maintenance and construction.
Additionally, the A/S may or may not be maxed by year end depending upon the cash flow situation.
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