80 cents by december...., page-96

'Perhaps a simplistic approach to valuing mnm could be.

Production from the plant 12,000,000 tons per annum.Mantles share 6,000,000 tons, say a very conservative sale price of $80 per ton of coal,break even costs $55 per ton,gives $25 profit per ton multiplied by Mantles 6,000,000 tons, equates to $150,000,000 earnings per annum.

Divided by shares on issue say 200,000,0000 gives earnings per share of $0.75 multply this by the average price earnings ratio of all shares on the ASX of 14.39 gives a share price of $10.79.
This would give Mantel a market capitalisation 2.16 billion dollars.'

This weeks build up in buyer interest, and a now clear uptrend in the SP is because more and more punters are looking at these kind of calculations, and are forced to agree they are possible if the exergen process is proven to be commercial.

I prefer to take the view that if MNM were to achieve just 10% of the upside potential revealed on this thread the SP will still be over $1.20.

the MNM story has just begun IMHO. the bulk sample ann could be the start of MNM's real run, and this could get dropped on the market at any time this week.