Its is hard from the graphs in presentations to see the expected Net Income p.a. when the project is up and running, but $ 300 m is my guess.
With 2.887 billion shares, the EPS will be 10.39 cps. Applying a 7.69 capitalization rate ( based on FMG ) a share price of 80 cents per share is deduced.
Starting with 30 cps Market price, you get a cumulative 11.5 % growth over 7 years to when it hits 80 cps.
This would exceed growth in capital city real estate.
Appreciate comments and corrections
Its is hard from the graphs in presentations to see the expected...
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