"When FAS is producing 2M MT per year, under JV it will make $20/T so $40M. so 5x earnings is $200M market cap. or 10 cents."
If the above pans out Rumbai(conservative IMO) options will not be converted so the SP should be 15c not 10c.
$200m divided by 1.4B shares equals 14.3c. Where did you get 2B shares from?
Cheers.
