This was my post from yesterday. Obviously I am thinking along similar lines.
"20MT x $40 net profit per ton equals $800m
$800m divided by two (Alliance share) equals $400m
$400m divided by 1.5B Shares on issue equals $0.26 per share.
$0.26 divided by two to allow for market stupidity and lack of logic equals $0.13 per share.
These are very rough calculations and DO NOT take into consideration SHIP North or Stage two and Three of the project which as announced could be potentially very significant.
Just my thoughts."
Cheers.
FAS Price at posting:
1.2¢ Sentiment: LT Buy Disclosure: Held
