massive breakout - capper absolutely smashed, page-6

Hi Y,

Looking at the chart I too would have expected a speeding ticket.

I note that over the past three days it appears that the number of views on the CXM threads has at LEAST trippled !!

After such a big spike normally I'd expect a temporary pull back and profit taking but it may be a dangerous tactic given the 2 announcements pending and your great analysis and valuation.

Even valuing the ST Wilgerup mine starting to export in June 2010 your earning estimate of $34 mill profit per year starting next year (and prob ramping up to full capacity of 1.6Mtpa over several months) gives a PE of 5-6 ALONE !!

More importantly, I think, it will give CXM operating cashflows and operating profit... something that will look good in the Financial Reports to attract punters while the big projects are getting developed.

Was able to pick up another 95k at bottom of the day 66c :)

Have a great weekend.

Cheers
John