not so difficult, page-5

NWA will end up with a controlling stake of 52% in Congo Copper. At a price of 10p this is the equivalent for NWA of slightly more than 7 Australian dollarcents. In comparable situations there is always a discount. Also Congo is not Mount Isa territory. Thats why I think a price of 5 cts is justified. I have no doubt that this is achievable next year.
Cheers.
Klaas