Without ownership
Ok, I will do it for Year 6 first. Let's assume 12% net margin on resale and wholesale and a 3% management fee. Production 100,000MT.
Net income
- consultancy : $100M
- resale : .12 x 100,000,000 x $12 = $144M
- wholesale : .12 x 100,000,000 x $12 = $144M
- management : .03 x 100,000,000 x $12 = $36M
Total : $424M ($2.82/share)
Year 1 : 25
Year 2 : 40
Year 3 : 120
Year 4 : 200
Year 5 : 300
Year 6 : 424