Let's give it a market cap of $168 million (not $150 million). Therefore 4.2 cents. 4.2c x 4 billion shares = $168 miliion. Correct? Let's ay that it makes a profit after tax of $10 million.
$10 million/4 billion shares = 0.002 EPS. Share price when hits $168 million market cap is 4.2c.
4.2c/0.002 = P/E of 21. That's very high for a company that owns nothing.
MIN RES MADE $5 BILLION IN REVENUE AND AFTER TAX PROFIT OF A WHOPPING $114 MILLION. The next MinRes. LMAO
Work out the PE ratio.
Most mining services companies trade at a PE of around 5 -10. Growth company. LOL.
MAH EHL NWH
All between 5 and 11 PE. Man, I cannot believe the valuation you can give to a company that has absolutely nothing on their balance sheet except around $4 million in the bank which will dwindle away. Need to do a raising!
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