Peers, page-39

ah right thanks for that mate. any idea how much a module costs and how many the company would be looking to set up? do you mean 0.05BCF p/a? 50*1000 = 50,000 = 0.05BCF. this means theyd only need 7 modules to produce 350k mcf a year which is quite a respectable number from what i can see from competitors.

also with this adjustment, 1 module produces ~$14M in annual revenue. i dont know how effecient their extraction process is but, to be conservative, ill assume their margins are around 50% (again no idea how accurate this is). so 0.5*14M = 7M earnings. using the relativley conservative p/e of 25 from before, it follows that market cap would = 25*7M =~175M = ~$0.38 per share.

hows this look now? any other problems you can see with it?