io prices fin review story, page-6

I think the market is just waiting on confirmation of shipment, and pricing details.
If we went along with $27 profit per tonne as per ann 3 months ago we would be getting a profit of 5.5M approx
That is the first contract.. but if they re-negotiated the sales price given a 50% increase in IO prices since that time we could be looking at 7-8M profit.

Option 1 based on 5.5M profit i get a fair evaluation of 5-6c
Option 2 based on higher selling price and gaining a profit of 7-8M i get a valuation of 8-9c.
this is with a PE ratio of approx 10.
Right now sitting at 3.7c, a very cheap stock if you believe that what managment are doing will become reality.
And not to forget, only the first contract out of many.