IXR 10.0% 1.1¢ ionic rare earths limited

So Tim think Belfast will generate a US$9Mpa EBITDA, Assuming a...

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    So Tim think Belfast will generate a US$9Mpa EBITDA,
    Assuming a Ten year depreciation schedule then Net profit will probably be under US$3Mpa
    Divided that between 5 Billion shares and it will give you an EPS of $0.0006
    PE ratio's for manufacturing Industries is about 10:1
    Which gives you a SP somewhere in the region of AU$0.01
    Which shows that the current Market is actually being generous at the moment, considering they still have to find finance.
 
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