Expert Valuation for EGM, page-37

Hi Docki.

It will go way past 2020.

There's the underground, the "not far down the road" and Indonesia.

There is $207m of tax losses so we can earn 36 cents a share clear of tax. which is a massive hidden cash flow benefit.

and there's more

we have $24m of franking credits which is 4.2c a share

and cop this, there is even more.

Copper made a sharp up turn today back to $3.21

To put that into perspective the Expert valuation is based on 100 million pounds at an average $2.80

Quarterly ops report next week. The penny has got to drop soon.