Ann: Nachu Graphite Binding EPC Contract Executed, page-27

at US$1,600/t revenue & US$600/t opex, MNS would make around AUS$180M NPAT at current parameters. this potential profit determines the share price if the 80% debt comes good

if 20% CAPEX was raised at 45 cents per share, there would be 881 million shares on issue. the EPS would be 20 cents per share. On a PE ratio of 9, the investors at 45 cents per share would make a 300% profit (with $1.80 share price target)

this is why i said 20% CAPEX at at least 45 cents per share

while many investors struggle to believe MNS anymore, if this new deal comes true, it could be a 20 bagger