rino got up to 9pe, apwr about 13 and cvvz about 11 shortly afte

http://messages.finance.yahoo.com/Stocks_(A_to_Z)/Stocks_G/threadview?m=tm&bn=73478&tid=4921&mid=5041&tof=21&off=1

I'd sure like to believe you, as GFRE looks promising, but I can't see where those numbers come from going on the info from 10k q web site etc.

For 2009
34,700 tons bromine x $1900/ton current price = 66m revs
300,000 raw salt x $24/ton = 7m rev
chemicals = approx 33% of total revs = 37m
Total 2009 nett revs = 110m @30% net profit margin
= 33m nett income + 1m net from new plant from nov 09
=34m/126m shares = 27cps

and at full 2010 production
38,700 t brom x $1900 = 74m
450,000 t salt x $24 = 11m
= 85m total 2010 brom and salt
plus 43m for chemicals (assuming still around 33% of total revs)
= 128m x 30% margin = 38M/126m shares = 30c eps

The share price may well increase short term on the added exposure of listing to a major exchange but I think sooner, rather than later the market's going to ask where's the growth?
If it's only through potential aquisitions I'm wondering if the market will be all that impressed?
They spent 20M in cash and stock to increase earnings by 2.7c per share annually on aquisition no 8.

There's a possibility of bromine prices going back up to $2400 a ton or higher but that's not predictable.
Also the chemicals division has potential to grow but also unpredictable.
They might also increase their net profit margins with economies of scale.

At 27c 2009 eps, GFRE pe now is about 6, rino got up to 9pe, apwr about 13 and cvvz about 11 shortly after reverse splits and listing but I think all those showed greater potential for future growth than gfre.