buy depth building, page-9

OK seeing as no one's willing to make a proposal on their value I am going to suggest around 40c as a target.

Initial 10 years of production producing $40m per annum free cashflow, so thats $400m.

Divide by the 458m shares on issue that's 87c each.
But that would make the p.e 10x at 87c whcih is too high so lets half that and say 43c is a good target.

But then minelife likely to be extended to 20 years under the current drill programme.

Am I overly optimistic?