Ann: $7.5M Placement to Accelerate Pittong Plant Expansion, page-10

This is an amazing announcment. the big boys are backing this ship all the way with $5 million invested and as Stocratse says the SPP will be oversubcribed and i agree. I certainly will be articipating for the green concrete if nothing else, but i am going to start another thread on that as i think that is HUGE.
Now, let's run the numbers on Pittong
60,000 tonnnes at average price of $510 as per the announcment equates to over $30,000,000 income. at the old pre new equipment rates that equates to a profit of 2.8 million (curreent EBITA) x 2.4 (increase in production volume) that is guaranteed. This equates to $6.7 Million profit but now we will achieve efficiencies of scale and new equipment and very much more so this could easily increase our profit to $20 million per year
Shares on issue are 585,508,922 plus proposed CR (88,235,294 instos) and (23,529,412 SPP) equals total shares 697,273,628
EPS would therfore be 20 million didived by shares on issue equals $0.0287
how does that compare to our peers
ADN nil earnings
WAK nil earnings.
I think holders in those other copanies might want to start looking at SUV as these numbers are only for Pittong and do not include white cloud kaolin in WA or our silica sand assets
i think SUV has a very bright future based on hard cold numbers and adding our other assets this is easily a billion dollar company in the making.