Steve50,I like your optimism but have you done the numbers on...

Steve50,

I like your optimism but have you done the numbers on your prediction of a 30 cent share price by December?
With 1.5b shares on issue after the rights issue a 30 cent share price would give MSC a market cap of $450m.

They currently have a market cap of $7m.

$7m to $450m in 3 months?? 6000%+ return????

I don't think so.

A more likely scenario would be a share price of 7 - 10 cents IF they got the Skardon plant to full capacity of 175,000 tonnes per annum.

Skardon River

Tonnes 175,000

Price $500.00

Total Revenue $87,500,000.00

Net Profit Margin 15%

Net Profit $13,125,000.00

Price/Earnings Ratio 11

Mraket Cap $144,375,000.00

Shares on issue 1,500,000,000.00

Share Price $0.10

Can Vic and co make this happen?

I don't think so.