kingkev----if Xstrata take up the 51% option,Altona will be able to keep up because not only will there be cash in the bank plus income from Finland,but any capital expenditure at Roseby will have a 51% contribution from Xstrata.Also,if Xstrata decides they want to truck the material direct to Ernest Henry,there will be very little money to be spent----so the cash they pay for the 51% will be in the bank.Just to give an idea what this could turn into---IF Xstrata pays say $200 million for 51% ,this would put a value of roughly $400 million on the Roseby project---equivalent to 80 cents per share on issue (roughly)then you can add a value for Finland = say 20-28 cents and we have quite a good healthy looking earner.This would also turn into almost instant earnings and profit from Roseby as no mill has to be built----it all sounds good to me---all this is speculation and my opinions---and dreams.
AOH Price at posting:
26.5¢ Sentiment: Hold Disclosure: Held
