The company expects construction to take 18 months. They are projecting a profit of 50 million a year per plant. They are planning to build 10 plants in the next 7 years. If you figure a very conservative 7 times forward earnings and divide the 347 million outstanding shares into that it is a pretty spectacular increase from current share price levels. Even if the company issued every single A/S the math is still in our favor. I will be real surprised if they don't send this to the underwriter in June. In the last month the company has really shown what a tremendous amount of work has been going on that most shareholders were unaware of.
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