Ann: Vijay Group JV Update , page-7

As predicted , there are errors.

Let me try again. I'll do it based on $95 / tonne and see if I can't cheer sydney up.

1.5 million tonnes.
$95 bucks / tonne.
$70 Cost of production (still very conservative)

=$25 / tonne x 1.5 million = 37.5 million dollars.
Halve with Vijay = $18.75 (thanks TTG)

18.75 million / 352 million shares = 5.3 cents per share.

At a P/E of 4 (thanks Clacoste) = 21.2 Cents Per Share.

Plus exploration upside and the coal as mentioned.

Is that right now?