My conservative estimate for LGDI for 2010:
Today M/C 303.75 Mil.
Process between 500K-1 Mil. tons this year Lets say @$150 a ton.
Lets say 750K tons the avg. of above numbers.
750K tons x $150.00 a ton -7X Cash Flow =787.5 Mil. (Conservative Number)
787.5 Mil. Cash Flow/303.75 M/C= $3.15 Share
But with the JORC report and AMEX listing it should trade a lot higher.
The real fun is down the road when be start producing a lot more product.
If we go to 10X cash flow the numbers are:
750K tons x $150.00 X 10X Cash Flow = 1,125 Bil.
1,125 Bil. Cash Flow/303.75 M/C= $4.99 share this does not represent
the speculation when more investors go GA-GA for this beauty!!