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Re: daggfish post# 18757

Wednesday, 04/06/2011 12:34:51 PM

Wednesday, April 06, 2011 12:34:51 PM

Post# of 101798
Base on the last PR.
$8,000/ ton, 3 dredges =150ton
If they run 6hr/day. 5 days a week. Let's do the math:

$8,000x150ton x 30hr a week x 40 week a year= 1,440,000,000
Let say half will be operation cost, we still have $720,000,000 in profit a year with OS right now close to 1,300,000,000
$720,000,000 / 1,300,000,000 = $.55/ share
And wait if they willing to purchase more dredges ( could be 9 more), so there will be atlease 4 time a year
Is this sound right? Please correct me if anything wrong. IMO

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