Replies to post #73882 on Santo Mining Corp (SANP)

[SteveWin]

Incidentally: Visa Inc has a market cap of 204.8 Billion, 1.8 Billion shares outstanding, selling for 113.82/share, at a P/E ratio of 48.

If the cryptocurrency processing sector grows to rival Visa, then our mining company's share of that industry (and its 200 billion market cap ** ) will be proportional to our mining capacity's percentage of total mining capacity.

** "Crypto mining industry market cap" is not the same as what is currently reported as "cryptocurrency market cap", in the same way that Visa's market cap is not the same as the US economy's GDP. The thing reported as "Bitcoin market cap" would be more accurately called "Bitcoin M1 Money Supply". Economists will probably start calling it "C1", in order to be able to track and report the progress as "C1 cryptocurrency" replaces "M1 cash money".

MOST IMPORTANT here, is that the investment world thinks that payment processing companies are tremendously valuable - they are willing to pay 48 TIMES EPS to buy a share of Visa.

So... SANP's 12 mining rigs combine for 158 TH/s. 158 TH/s put into a mining calculator, gave $170,260 of profit after 12 months. 170260 divided by our 7.34 billion shares, then multiplied by Visa's P/E of 48, gave SANP a value of... you won't believe it...

$0.001111968

HOW FUNNY IS THAT??