I'm budgeting on each ship being worth $25m per annum to the company.
Given that we'll have at least 4 ships for IOC, at least another 4 for Twinza, at least another 4 for Port Meridian and who knows how many more for any other projects that MB and his band of merry men manage to get their hands on.
But let's say "only" 12 ships at $25M/year. That equates to $300m/year in net profir.
I think a very conservative PE for a ship with 35 years life servicing LT projects would be 10x.
I'll leave you to do the sums as the blood has just rushed to another part of my body not usually associated with rational thinking.
GEV Price at posting:
17.0¢ Sentiment: Buy Disclosure: Held