it seems like i'm the only one in this stock. the sums for mt...

it seems like i'm the only one in this stock. the sums for mt morgan look fantastic.

it is currently producing 250,000 ounces per annum. with a margin of 300 per ounce this gives earnings of 75 million

assuming 500m shares on issue fully diluted after the raising gives eps of 15 cents per share

P/E of 5 = 75c
P/E of 10 = 150c per share

and these earnings will start once transaction is finalised

can some body please tell me what i am missing here???

in light of this why is the cap raising taking so long