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Gulf Resources, Inc. Message Board

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  • imdaman20072002 imdaman20072002 Oct 4, 2010 10:27 PM Flag

    GFRE has $7 Billion in Bromine Assets

    Not to split hairs on price which is now over 3k/MT, however August Q had annual production up to 46,300MT and you know more acquisitions are inevitable so is it 6, 7 or maybe 8 Billion.

    You get the picture right?

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    • I was just curious what number you were using; kind of like a check against my figures. Yes, they will continue acquisitions and that will factor forward and you could drive yourself crazy trying to project out over decades. At this point though, I couldn't rationalize 46,300 tonnes which would be exactly 100% current capacity. Other than factories 1 and 5, none of the other sites were above 90% capacity last year. Since factory 9 was out of production for over a year prior to purchase in June of this year, I doubt it is still not even close to capacity. Don't get me wrong, I think GFRE is a great purchase at this price. I am still severely overweight GFRE. I just think an 85% capacity (a 6-7% efficiency improvement over last year) is more realistic. At 85% capacity, I come up with around 40,000 tonnes.

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