STM 9.09% 1.0¢ sunstone metals ltd

Capital Raising, page-2

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    It says US$0.52 per share not A$0.052.  Second paragraph says A$0.23 per share if copper prices remain at US$2.60 per pound.

    Column 1
    0 Project and Company Valuation

    Our indicative base case project valuation of $0.52/share is as follows. This is based on the conceptual 5+8 year scenario as mentioned above and a copper price of $3.00/lb, and does not take into account any future capital raisings.

    The Viscaria project is sensitive to metals prices, and the Australian dollar valuation to exchange rates. For example, a copper price of US$3.50/lb, all other things being equal, results in a risked per share valuation of A$0.88; using the current spot price of US$2.60/lb gives A$0.23/share, however still at an appreciable premium to the current share price.
 
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