break out, page-9

this is the way i see things as of 1/7/2010

826,000,000 current shares
136,000,000 current c/raising
274,000,000 c/raising to come
100,000,000 options to be issued
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$15,000,000 cash (to be spent on purchases and costs)
1,336,000,000 fully diluted
$57,600,000 income (960,0OOt sell @ $93pt cost $33pt)
$460,800,000 P/E x 8
SP = 0.345c

SP = 0.285c PE X 6

do the math if NSL can ramp up production the 3rd year to 3mt......