mg14 looking good, whats the holdup?, page-6

Copper is now Aust$4.28.
I keep harping on priorities, in my original post I calculated a net surplus of $580M on MG14 and Windabout based on copper at Aust$4.08. Assuming a mine life of 12years this would be a yearly return of $48m. I am unsure as to whether tax has been taken into account on Gunsons original presentation. So lets be ultra conservative and assume a return of $24m per year. This would represent an NPV over 10 years with a 10% discount rate spread over 200M shares of 78c per share.

Having done my calculations based on 67% recovery rate at a copper price of $4.08 then halving it potentially for tax and other unknowns I believe MG14 and windabout have the greater potential of getting this company of the ground sooner than Cobourn.

I would be more than understanding if anyone can pick holes in my calculations. Please DYOT.