Elray Resources Inc (ELRA)

[OCMillionaire]

Right but the r/m r/s is a positive one ELRA~~***~~~
http://stockcharts.com/h-sc/ui?s=elra

Minimum 30M net profits/1.15B o/s = .026 EPS

Historically, the average P/E ratio in the market has been around 15-25.
http://www.investopedia.com/university/peratio/peratio1.asp#axzz1uQPoB1lk

For your sake I'll be even more conservative and use 10.

P/E ratio of 10 x .026 EPS = $.26 per share ($26 post-NASDAQ listing)

Keep in mind these numbers are based off the MINIMUM net profits ELRA will receive (Macau Gaming has already achieved a 24% increase in revenues for March