Replies to post #740 on Myriad Entertainment & Resorts, Inc.(fka MYRA)

[beentomyrasite]

Minimum Valuation = $2.8 /share

Here's my math: 9 casinos on the river make 1.5B a year. Add a tenth, and that's 150M per casino. Divide 45 o/s shares of Myriad into 150M = $3.3 per share. Multiply that by 85% for costs. $2.8/share

Now this is bare minimum, by smoothing revenues between all, and projecting only one year. How many years does Wall Street usually pay up for? 18-48 months.

What if Myriad earns the lions share of 300 or 450 million and a few others go out of business, which is likely. $4 5 6 7 / share.

[creede]

Done! Check L2, and tell me it doesn't look like the sellers are gone again. 65's anyone? :-)