General GNX News, page-20

Up where the solar farm is:
2500hrs x $90/MWh x 50MW AC x 1.18 D.C. Factor

Assumption:
2500hrs of sunlight per year from Sun frackers
$90 from $80-100/MWh
1.18 from 18% DC factoring

Works out to be approx.
- $13,275,000 revenue p.a.
Maintainence around 10% so is
- $11,950,000 p.a.

Minus interests costs not sure at this stage, but let's just discount that by 20% so that's:
- $9,558,000 Earnings each year

So PE Ratio at 10 would value them at:
-$95,580,000
12 times
-$114,696,000

This hasn't included any of the work which they've done on the Pump Hydro.

So you can do the rest of the math.

If I've got anything wrong in between each calculation, feel free to correct me.

Either way it's only up from here GNX