location of projects, page-16

Comdek coal:

Waterberg 70% of 415mt
Jericho 60-80mt Total 370mt

Shares:

Taken from latest 3b. 460million fps and 44million options (approx)

Plus a further 343 million fps and 43 options (approx) for current deal.

Total 890 million shares

370mt @ $1/tonne = $370 million

370/890 = 41.5c/share (finished @ 34c has reached 49.5c)

CDS do have a Uranium tenement, which is probably not factored into the sp today. They are also expecting a resource upgrade at Waterberg and Jericho but so are FSE. Please correct me if total shares is wrong (just quickly added up in head).