TIE tietto minerals limited

Ann: Retraction of ASX Release, page-26

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    Back of the envelope

    Shares on offer = 1,087,527,490 x 0.35cents = 380mil

    Forecasting US 50-60mil 2nd 1/2 cash flows

    Using the lower US50 that’s AUD 78mil

    78mil x full year =AUD $156mil

    Market Capital AUD 380mil divided by $156mil full year approx cash flows =2.43 PE ratio
 
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