50c share price by year end, page-5

Tunay, Are you a clone of nb1?

WHEN (not if) they get the Newcastle plant cash flow positive and ASSUMING it makes $7 million earnings

on a PE of 15X that is $105million

Dividing it by the 800million shares on the register equates to about 12.5c/share.

on a PE of 10x equates to about 8.2c. Now for it to be 50c that means they either have 6 plants running by years end OR there is some major that wants to buy the company for $400million. (come back ILU, or Cristal or BHP or Multiserve or....what about a JV of all 4????)

I presume your comments were tongue in cheek as most on this site were around when nb1 was spruicking $1 a share but that was when the syn rutile plant was just around the corner and it was in a pre GFC environment and there were only about 500million shares on the register so I just wanted to put some perspective into the estimates.....then again there is all of that "blue sky potential"