share value This is my novice share price estimation.
30% profit on the $23mil approx $7mil
Add the $9mil (IP), that is $16mil profit
Subtract a further $4mil for running cost
That is $12mil, divided this by the number of shares, that is approx 8cents/share, assume a PE of approx 8.
64cents
Am I correct? Have I made a mess of the calculation :)
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share value This is my novice share price estimation.30% profit...
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