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0.6¢ gulf manganese corporation limited

Don't forget GMCs tax free status for the first 5? years.

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kimbaboo

740 Posts.

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17/08/18

18:37

Post #: 35003987
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Originally posted by down&up ↑

Whats the industry standard profit multiples used for valuation?
I was going to say x5yrs based on just the 40,000tns of the 2 furnaces @ US$2,000 (obviously that just revenue). With cheap power, monopoly on local mines in bargaining cheap ore and local employment; expense cant rack up to be a great deal of that figure. Also if you look at their business plan with growth of at least 8 furnaces with in this time frame...... This number is huge. Plus lets not forget the estimated US$1 million profit per month expected once DSO comes through for the duration of the whole construction of these furnaces!

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Don't forget GMCs tax free status for the first 5? years.

GMC Price at posting: 1.9¢ Sentiment: Buy Disclosure: Held
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