Need to revise those spend figures as administrative expenses of the Company currently run at around £17,000 per month (including Directors' remuneration which has now commenced.
That works out at £204,000 per annum not the £450,000 I had forcasted so here we go
GP for year £2 mill
Admin -£204,000
Other -£300,000
Total net profit £1,500,000
Shares FULL DILUTED 960,000,000
EPS 0.16p
pe of 10 =1.6p as fair value share price
Not bad really and thats with the shares fully diluted which may not happen for another 6 years
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