What a great announcement. Let's look at the figures. 2mtpa of cement at $150/t. 50% JV leaves us with revenue of $150mpa from the Chinese JV. Based on that alone we have earnings of $1/shr. A PE of 15 leaves us with a sp of $15. I know this sounds wild with an sp of 8c now, but once these guys prove themselves and we can say the technology really does work a rerating is a certainty. For all you holders out there don't pike out early, hang on for the real gains.
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