Replies to post #139 on China Armco Metals Inc. (CNAM)

[value1008]

Hi Bogus

I think there's a typo in there (2nd para):

Net Margin of 0.05%

We're actually talking 5% or 0.05, right?

THANK YOU for the workup of the numbers. I fully agree with you and was delighted to see you sleuthing out, e.g., some of the nuances on how their margins will improve, and that factor of surplus recycled product beyond the present contract.

Well done!

Btw, i first bought 3k shares at $3.70 in early Feb. and have added a whole bunch more at the mid-$6 level. I'm trying to see about getting more funds to buy at the low-$6s today --though with the silly bad sentiment over the recent private offering, i may wait to see if she dips into the high $5s. This is a "steal" at this price.

--Timothy

[pickinstocks]

As for the contract for the manganese ore, the PR says 749,000 metric tons will be purchased over the next 16 months and based on current market prices it could result in 180 million in sales (thats 11.25 million/month in sales). However, it doesn't say what price it's being purchased for by CNAM. Do we know?

[bunky]

Bogus07 have you had a chance to re-evaluate your EPS estimates in light of todays new pr??? it sure seems they will be fireing on all cylinders now and in the future...


Thank you


CharlieB


ps...thank you for sharing your estimates...very helpful and informative...