convertible notes, page-9

Another most valuable insight from drunkensailor :-)

You say that forward earnings are likely to be 43m dollars per annum, prior to commencement of paying tax & to ramp up from likely Enterprise expansion plus Voyager deposits. As the current market cap based on current shares in issue is only 40m dollars this actually puts Albidon - an Australian nickel PRODUCER in a stable African country with a life-of-mine offtake agreement with China's largest nickel producer - on a forward p/e of less than 1. The potential upside in SP is there for all to see, as will the market if the repayment of the Notes from cash is announced.