900mil usd, page-7

kennethgalbraith,

Even if it turns out to be true and we have $1.3 billion, we don't necessarily need to pay down all the debt. Maybe keep a 10-15% gearing level.

Then work on selling Martabe - this should then give us cash of $500million - Debt of $150Million rolled over for several years as LONG TERM not short term debt........

PH will produce 100,000 tonnes of copper and 70,000 ounces of gold from say April 1 2009 to April 1 2010......

EBITAD of say $150 million.......if copper prices increase over the next 12-18 months then this profit could be more like $300Million.......