I laid it out in the d.d pack. But basically, they're projected to make more than $8 million in net earnings per annum w/ their current operations. Now in regards solely with the Moosehorn project, they're expecting to make $7.2 million more in gross revenues for the 1st Q. of next year and $27 million in gross revenues for the remainder of the year. Cost will be around 15% as they specified, so thats a total of $34.2 million for the MH project, minus the cost of the operations of $5.5 million would be $28.7 million in earnings, plus the $8 million they will make.
$36.7 million divided by their current o/s is $1.12 a share. Multiply a conservative p/e of 15x is $16.94.
If they're expected to make 2x more than that in production, that would be around $33 a share, which could feasibly happen.
As Q said, it can be much, much more if you use the key metrics he provided.
Hope this helps.
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