year end, page-2

63c or market cap of $250m...

Assuming..
1. SIOC-Cdt cash and VanMag go through
2. PEN at full production
3. Ferrier life extension by 2 years
4. De Wit in JV and close to mining - within 6 months (of Dec 2012)
5. The KORES dudes get a move on.
6. No more dilution.
7. Not counting on Botswana as this could be anything.

I think the price will be higher throughout the year but this is my guess as at 31.12.2012.