If v makes 40m in year 1. There will be no dividends. In fact, unlikely divs for some years because capital needed for growth. At profit of 7c per share. I'd use a p/e of 10 so sp with your numbers would be 70c.Tech shares p/e's can go through the roof but commodities are lower.Just on divs. Companies flush with cash will usually allocate 40% of their ebit for divs. The % is then whatever the maths are. Never worked the other way.
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