chung tin holdings, page-14

While there is not a lot of news forthcoming at the moment I'm still bullish on the project pipeline and the effect it may have on our SP. What are peoples thoughts on what may transpire? I initially thought that if Newcastle came off as a stand alone project the SP would hit 6 cents. I now think we will hit 13 cents by year end.

My thinking is as follows;

Existing SP - 1.4 cents
Mayfield - 3 cents (100%)
NewCastle - 2 cents (50%)
2 China projects - 3 cents (100%)
Victorian SPLR - 2 cents (80%)
Burnie (additional contracts) - 2 cents (50%)
2 new waste opportunities - 2 cents (50%)

Total = 13 cents

Its all a bit bullish and pure hearsay but that is where my thinking is at the moment. Once the the project pipeline grows so will the interest, following and SP momentum. We saw this starting to happen prior to the the SPP being announced.