overview of ord - huge potential, page-79

Joe,

The problem with a shareprice is that the market is susceptible to emotions and the subsequent rise and fall of SP.

As such true value is very hard to measure let alone "truly" reflected in a sp, if I can use that term loosely.

I prefer working in markep caps. ORD have stated 600m IPO late 2011 Early 2012.

Pessimistic example 20% + value of other projects = 200mill cap.

Beyond ramp up there is clearly opportunity to double the cap and beyond.

These are my thoughts only and all resonate around the last price sensitive announcement released to the asx.

Joe what does your analysis suggest to you?