Exchange rate on usd denominated sales is also right off top......

Exchange rate on usd denominated sales is also right off top... as is the relationship between usd and peso since tax is Peso not%... if construction costs are more than revenue in next 2 years then this is even more than “off top” e.g if there was 2oom in sales next 2 years assuming constant currency would be $16m new tax if $250m in construction and running costs and 8% gain on exchange rate would $20m in cost savings... tax is fixed in peso - exchange rate is in theory infinite over next 2 years. Exchange rate and sale price can and likely will have much more bearing on the bottom line in the next 2 years, how the share price is determined at the moment is beyond me. I guess once all ms 27% is shorted fundamentals will kickback in and if MS want to exit their clients will need to buy 54% of the stock. Ca-Ching