did some quick maths couple things LYC - PE ratio - approx 26...

did some quick maths

couple things

LYC - PE ratio - approx 26
Average selling price of REO = $49 per kg


VML stage one = 470,000 kg of REO * $49 = revenue of 23,030,000
MC = conservatively could go at
PE of 15 = 345,450,000, SP of 0.084 cents
20 = 460,600,000 SP 0.1134
25 = 575,750,000 SP of 0.14


stage 2 double everything revenue of 46,060,000
PE of 15 = 690,900,000 SP of 0.17
of 20 = 921,200,000 SP of 0.22
of 25 = 1,151,500,000 sp of 0.28 cents

also worth remembering LYC was running at a PE in the 50s not that long ago. this also doesn’t take into account discounting more the increase in price of REO.