I have not posted my thoughts on eventual stock price but I am going to try today. First here is paste direct from HBK business plan (found on their webpage)
Highbank Resources Ltd.
| Business Plan: November 27th 2012 31 Per Tonne | x 1.5 M Tonnes |
| C$ | C$ |
| Gross Sales Revenues | 22.50 | 33,750,000 |
| Less: Royalties | 2.05 | 3,075,000 |
| Net Sales Revenues | 20.45 | 30,675,000 |
| Expenses |
| Project Management | 1.00 | 1,500,000 |
| Shipping/Barging | 6.00 | 9,000,000 |
| Production – Washing, Crushing, Loading | 7.00 | 10,500,000 |
| Site Camp | 1.00 | 1,500,000 |
| Fuel | 2.00 | 3,000,000 |
| Terminal Storage | 0.50 | 750,000 |
| Total Expenses | 17.50 | 26,250,000 |
| Gross Profit | 2.95 | 4,425,000 |
I am going to use the gross profit per tonne of 2.95 but to make it simple I will cal it 3.00 dollars.
70 million tonne deposit (43-101 on web page)
70 million x 3.00 gross profit per tonne= 210 million dollars
We currently have aprox 87 million shares fully diluted. I am going to make the assumption that with financing we reach 100 million shares o/s.
210 million in profit divided by 100 million shares = $2.10 per share. Even if I now take 50% off for taxes and interest.....I am left with over a dollar per share. Can this be made more clear?
On tuesday HBK closed at .075.
This stock is going up....way up, enjoy the ride!
Stockhouse.com: Taking
it to the street
