sp should rocket friday, page-18

they are selling for 400m - that doesnt mean the full 400m is tax assessable....i think they purchased the mine for 20 or 30m didnt they?

also, they *may* have losses from previous years they can use to negate some of the CGT ... i guess it depends on how good their accountants are.

so lets say the accountants are half decent and the deal adds 60 - 65 cents per share....thats where they are trading at the moment but there is still the risk of the deal falling through.

now, they also have an adjacent tenement nearby their cape lambert deposit....and if the deal goes through the board will finally gain some respect from the market, increasing their value to the company.

pretty rough summary of the company lol but.....looks like its worth 75 - 80 cents.