Storm MRE Guesstimate, page-3

Great posts @JustaddFunk and @Gottinhimmel - I have a calc I did as well from some while ago - plugging in the same numbers re ore density and same grade as Dave used as an average I do get a lower number as I have factored in some recovery rates and also taken into account the 20%/80% BAY/AW share. Even so with this number and a 10% of NPV as a start, I get a share price of AU$1.17 for just 4100N alone - this is really significant as this is only the surface copper and only one zone. So out little 30m m/c company is very seriously undervalued at present and represents a fantastic, pretty low risk investment decision given how we are progressing with 2 other projects also on the news flow. Thats why I have been saying for weeks - dont sell - hold!!! Enjoy the numbers and please feel free to counter any of my suppositions. GLTH