hang on lol...$2 dividends aren't sustainable, page-26

First 10 years Production (USING JORC FIGURES)

30Mt @ 1.7% CuEq

=> 3Mtpa CuEq @ 1.7% for 10 years

3Mt x 1.7% = 51,000t CuEq

Revenue
51,000t x $9000/t = $459M

Mining/processing costs = $17.5/t (see report 1/2/11)
3Mt x 17.5 = $52.5M

Say $40M other expenses

$459M - $52.5M - $40M = $366M


Subtract 30% tax and 2.5% royalties
366M x 0.675 = $247M

EPS = $261M / 180M shares => $1.45 per share dividend

PE of 10 => $14.50 share price.