Profit margin x 200,000 x PE Ratio.
$10 x $200,000 x 5 = $10,000,000
I think the margin is more like.. $20?
So, as above, $20m?
Factor in the other 2 offtakes (400k) the MoU and other steel companies coming in once its a success..
Make your own assumptions and buy based on your research. To me its like a start up. New technology in an old industry, so my PE is a lot more aggressive.
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Profit margin x 200,000 x PE Ratio. $10 x $200,000 x 5 =...
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