I'll take a stab.
Assumptions:
* 20M per year to run the operation
* 25M depreciation based on half of the Pearls being up
* 1.85B shares + 60M performance shares for MM
* 30% tax rate
* No interest expenses from any debt
Column 1
Column 2
0
Revenue
100
1
COGS, expenses etc.
20
2
EBITDA
80
3
D&A
25
4
EBIT
55
5
NPAT
38.5
6
Total shares
1910
7
EPS
0.020157
8
PE
20
9
Share price
0.403141
SAS Price at posting:
6.3¢ Sentiment: Hold Disclosure: Held