look this is just a very simple comparison and plse tell me if i havent made any errors:
if we assume that FRS will roughly be a similar producer and have a similar resource to TTY (territory resources)
then market cap comparison to TTY or TFE:
FRS mkt cap is 71 mill
TTY mkt cap is 200mill
thus no.shares in FRS is roughly 75million shares * 0.95
thus no.shares in TTY is roughly 155mill shares * 1.30
Assume FRS by time of production has 125million shares
thus 125million shares * what? = TTYs mkt cap of 200mill
the answer is : 125million shares * $1.60 = 200mill mkt cap
So until 2009 production over 2 years theres potential 60% return plus more upside???
Am I right or wrong in this simple analogy???
Without dilution of an extra 50million shares, FRS share price would have to be $2.60 to compare with tty.
But there will be dilution no doubt ala TTY
thus is there greater upside in other iron ore plays???
Its already at $1.00, so maybe Ive missed the boat as other near term producers may offer better returns???
Still 30% a yr or so aint bad if the share price gets to $1.60 to equate my diluted mkt cap with TTYs.
please help
TTY is slated to make 13cps I believe: 20millNPAT/150mill shares last I heard according to FAT PROPHETS from a few months back
this couldve changed by now though.
how much dilution do u guys expect on FRS???
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Open | High | Low | Value | Volume |
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5 | 382437 | 1.2¢ |
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Price($) | Vol. | No. |
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6 | 871450 | 0.011 |
6 | 1003994 | 0.010 |
3 | 266665 | 0.009 |
2 | 494995 | 0.008 |
Price($) | Vol. | No. |
---|---|---|
0.013 | 181372 | 2 |
0.014 | 127468 | 2 |
0.015 | 200000 | 1 |
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