a candidate for takeover, page-87

Showman

What is a yardstick or rule of thumb for valuations. I know there would be many but do you look at the NPV of the project discounted by a factor for return on investment or general rule of thumbs within the industry.

We dont know results from other tenements, would or should the directors comment on this or is everything out the window and we will be taken over based solely on Railway.

Just some key features would be much appreciated.

Cheers