Thanks for the great research there Treefeed - so if we take it that Jaingsu can produce a profit of $25M - I'm ignoring the continuing costs of SdV, Mt Cattlin and James Bay for the moment, and also interest charges - but hey stay with me - $25,000,000 / 3,683,806,754 = 0.006786... eps. PE of 10, and a sp worth $0.068. About where we are now. And that's with Jiangsu running at 100% - which it is yet to have ever done. I think we need a miracle with SdV to get our earnings double or triple $25M, but that's a good few deals and a few years away.
I do remember at the Sydney presentation the whole room laughing when one shareholder asked in all seriousness "When will we get a dividend?"!!
GXY Price at posting:
6.9¢ Sentiment: None Disclosure: Held