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.
AEB Price at posting:
2.7¢ Sentiment: Buy Disclosure: Held
