According to all of the announcements and statements which have been made over the past few months by Peter Hatfull, chief executive of Algea Tec, I believe his numbers are very consecutive.
Below are my numbers:
1000kg high quality medical grade Hamp oil × $25 thousand = $25 million.
- 25% for W.G = $18.750 million
+ $3 million from algea sales = $21.750 mil
+ Flower sales from the Hamp $?
+ Seed sale from the Hamp $?
+ Fibre sale from the Hamp $?
I do not know the cost of both the harvesting and selling process.
Lets say they end up with $20 million, which the current market price is supporting these numbers so far.
$20 million × 12 times p/e = $240 million MC
÷ 680 million shares = 0.35 cents per share by August 2018.
I have extreme confidence that Peter Hatfull will deliver. Please before rejecting or supporting these numbers, check with your accountants, fund managers or brokers. This is my opinion.
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- $20 million profit
According to all of the announcements and statements which have...
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