I know I should just leave it till October but I just wnat confirmation on my really rough figures - becuase I just dont understand this share price. FACTS APG has just said the testing has all gone really well. and it is about 2 weeks from completion - max. BHP have just given us another $3mill and the project manager is a BHP employee. ASSUMPTION So BHP know EXACTLY what is going on and must be very happy.
IF we get a funding for a 60,000tpa plant it is worth 90c per share
lets say the profit is $750 per tonne ie the plant running costs are $1250 per tonne (does that seem reasonable?) and an EPS of 15 I think is VERY conservative. Unless I have missed something that is 90c (I know there are more than 700mill shares now but htat is close).
Given that the testing for THIS technology is virtually complete - and BHP are SO happy they have given us $3mill, I cant see why we wont get funding and why we wont have a plant up and running in 3 years time. There fore I REALLY REALLY dont see why our SP is 8.8c.
What am I missing?
In 2 months time we will be adding that fact that the Mill Scale technology also works and that each steel mill producing 50t per day that gets a license adds another 6c per share - Multi Steel Manage 170 of these - if they use this technology (EARS I think) in 18 thats another 90c. {I know this one is more speculative but according to Earnie W - this is the bit that is easy to make work}
I just dont get that NO NOE is interested in this company -look at the buy side of hte market for confirmation...
sieking some reassurance
G
APG Price at posting:
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