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Re: pennytradingnet post# 7471

Saturday, 09/18/2010 4:47:39 PM

Saturday, September 18, 2010 4:47:39 PM

Post# of 75593
I like the analysys !!!!!!

The Gold Mining is with an active partner already mining worth as much as our share of 260,000 potential oz.s at a 5-700 dollars profit per oz.(Cash flow) ...

That’s… 260,000 x $500/profit per oz. = $130,000,000 in Profit

Even if you presume a 3 billion OS, you can still derive below for an Earnings Per Share (EPS):

$130,000,000 ÷ 3,000,000,000 = EPS
.043 = EPS

Now give it a conservative P/E Ratio of 12 and for a ”potential” fundamental share price to consider for EMLL, you have below…

12 x .043 = .516 per share