Cotton & Western Mining Inc. (CWRN)

[WWJesusInvestIn]

You divided it wrong...

32 million / 2.35 billion = 0.01489... earnings per share.

its earnings DIVIDED by shares outstanding...

That's the first quarter... even if you're conservative and just multiply it by 4 (the multiple should be bigger because the pace is picking up and there was downtime in the first quarter), it's .05957 per share at year end.

Of course, share price isn't reflected on current earnings, it's EXPECTED FUTURE earnings (which more go for as long as 2-3 years), which is a lot higher than that.

In the worst case scenario (for all you consipiracy theorists), even if CWRN decides to "dilute" the earnings by issuing shares to a total of 6.5 billion shares, the ACTUAL EARNINGS THIS YEAR ALONE is almost 2 cents (assuming the low multiple of only 4x current projected earnings for first quarter).

We're in for the big bucks =]

Oh yeah, "what if the boat sinks?" LOL

What if a meteor came down on your house? That'd be a possibility too eh?