China-Biotics, Inc. (CHBT)

[viking86]

just did a quick and dirty eps calc for the new plant (Plant 2). If it comes online at the beginning of FY2012 (April 2012) with a ramp like Phase 1 of Qingpu meaning 75mt total production for the FY at an average selling price of 600/kg, that's 45m additional rev.

At a net margin of 38%, additional NI = 17.1m or an eps of 17.1/23.3= 0.73 for FY 2012. This assumes Pope gets 2.08m shares in Dec'10 and about 1.3m shares will be retired from OS via buyback. In any event, an eps of min $5 by Mar 2013 seems like a done deal.