my humble predictions for stb, page-8

It's good to have a go at trying to calculate future share values. I won't argue with your numbers except for the use of 100million shares when we reach production.

There is virtually no way to get to production without dilution. I don't think we can borrow the full cost of construction, so most likely we'll be at 200 million by the time this project is in production which would cut your per share price in two. As well the P/E ratio will likely be less than 30. On the other hand the profit is likely to be much higher than $25/tonne

We'll need to wait for feasibility to get a clearer picture.

Good work Thanks