Just wondering if we can extend your reasoning further
If the debt is say 160M at an interest rate of 10%(?) = 16M
Depn on the capex of 160M over 10 years = 16M
Profit before tax is therefore 87-16-16=55 less tax of 40% (assuming no tax loss carry forward) = NPAT of 33
EPS is 33/71M = 46 cents
what's a reasonable P/e multiple?