Why I’m investing in MGT? To make money is the bottom line. 1....

Why I’m investing in MGT? To make money is the bottom line.
1. Estimate annual revenue: 5.53mt/year * $150/ton = $828 million/year, this premium price for 58-59% Fe.
2. Estimate annual profit: $828 million - $254.78 million (OPEX) = $573.22 million
3. Apply PE ratio (10): $573.22 million * 10 = $5.732 billion.
4. Divide by total shares (77 million): $5.732 billion ÷ 77 million = approximately $74.44 per share.
Yes the shares on off will increase, this was why or part of the reason for consolidation, who would invest in a small cap with billions of shared, I know I don’t.
Even if our shares doubled to 152 million shares, the price then is $37.22c per share.
If becoming a millionaire was easy, we’d all be millionaires right now, nothing comes easy.