basic valuation, page-10

hi guy's

yes again with out the nuts and bolts of ech offtake and margins we cannot get a clear indication of what profit is made, i only use my amounts as guides, i was involved in an offtake agreement with an indo company and they had a profit margin of $5 domestic but was real low grade, but also export high grade at over $100 per ton profit, so again, i try to be conservative and not to get too head of my self and it is my guide only of where a comnpny can go.

and you guys are correct, imagine jorc 6.6bt of coal, what would that do to the share price!!!! but untill this is proven i genrally ignore this, but potentially wow!!!

thanks for all the informative posts and keep up the good work guy's love reading them

MM