With copper prices stuck in the $3.10 to 3.15 I d
Post# of 4018
Posted On: 09/17/2014 11:13:19 AM
Quote:
With copper prices stuck in the $3.10 to 3.15 I don't see a huge profit margin.
Did you read Latest Red Rock assets's Highlights?
https://www.redrockassets.com/project_2_summary.php
Most questions are answered very neatly:
Profits will be 50% at Copper prices equal to 3.20
Most Permits are granted
The Chloride Mine is getting ready for production., etc
We just need the News of funding to spike a mayor multibagger!!!
IMO SIRG PPS target above 5 pennies when News of funding is released
[ taken from my DD at ihub]
5. Projected PPS for SIRG after Funding is processed :
Projected Annual revenues : $13,271,000 annually ( see #3 )
SIRG's Revenues (60% of $13,271,000 annually) = $7.96 M
Net Profits 51% ( see #2 ) = $4 M
EARNINGS PER SHARE (EPS): $4 M/942 M shrs = $0.0043/shr
Price to Earning factor (PE): 15 ( average )
Projected PPS = 15 * 0.0043 = $0.065/shr
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