per share value of sarco, page-19

The public is left with approx 16.75% of a project which ORD has.

Forget talking about things that we don't own or control and focus on ORD and what ORD will have or you will simply get confused.

If we are going to focus on the listing which is what we should focus on to start with then ORD's value of that is

$33,500,000 which is 16.75% of that

AND

then work out an NPV for production.

Here are some production figures for SARCO once in production:-


-Opex $250 per t Alumina

-Aluminium price of $2,600t and Alumina price approximately 14% of this (using historical prices)

Initial production at 600,000tpa

This comes to an EBITDA of $1,410,000,000(Yes it is 1.4 billion dollars)

ORD will receive approx 16.75% of that.

Now what does that come to????

16.75% of that figure means that ORD receives $236,175,000 EBITDA Per annum.

I sort of think that 14cents per share for LAOS is far too low wouldn't you say???