Recyclico Battery Materials Inc. (AMYZF)

[Joeiniowa]

Dan,

What are your assumptions with the 3500 Tons per day? The number I have always used is this gives us 100M lbs of EMM per year. With a profit of $1/lb based on a sale price of $1.6/lb and total production costs of .60/lb. So lets say a profit of $100M/year. Lets say they have 200M shares outstanding by the time we get into production. That is roughly .50/share in earnings and a PE of 10 gives us a share price of $5/share. Personally I think is is very conservative and not only will profits be higer but PE will be much higher based on being the lowest cost producer. So where do your numbers come from?

Joe