estimated 5million tonnes by 2012, page-15

At current levels as said before, very very cheap. I'm estimating (I'm a conservative guy, give me a break for the figures I estimate okay) about 80 million in revenue, or 100 bucks per tonne of ore. Then 50% of that will be costs (like I said, conservative), so 40 million in profit. Current fully diluted MC at 33 cents (price I bought into this bad boy), is 135 million, so a PE of three for the first year, then once it's up and running expansion of production is definitely on the cards, further causing the PE to stretch in front of the SP. Last major 'risk' left is the JORC, once that's announced and digested by the market, let 'er rip.

PVF.