The calulations we have outlayed today are about as accurate as can be done not knowing the future. I remember reading analysis from brokerage houses that had the Cu price under $1 pp throughout their projections and the Aus$ in the 60's. Completely irrelevant now, as my figures my be 1 year from now.
All we can offer is a snapshot in time and since stage 2 is due to come on line in 3/4 months people are interested in how the figures stack up.
BTW my figures used 206 million shares on issue as being totally diluted, miningnuts figure is correct. This would bring the P/E to about 2.5, hell round it up to 3.
Anyway you slice it she's looking good, and there's plenty of scope to get better.
