4 to 5 dollars by 2010, page-4

Hi Luckdog/Nova Star,

The latest Intersuisse report on VCR (dated 12/11/07 at VCR website) had the following EPS estimates for FY09 at (8.8) cps, still a loss.

VCR must become EPS positive before any significant sp appreciation will occur, maybe during/after 2010.


"Year-end June FY06A FY07A FY08E FY09E
NPAT ($m) (30.1) (36.5) (32.3) (29.1)
EPS (c) (11.4) (12.0) (10.1) (8.8)"

PS I Hold for the long-term