santa barbara reviving la japonesa iron ore mine, page-19

re: what whales? Mozz for the true investors ADY currently at 14 -14.5 cps imho is a steal before production starts around Sep....

Another 30 million in the bank soon plus.....

2006/2007 year EBIT for iron ore full year – say 1.5m tonnes EBIT = USD $20 million = $A25m

2006/2007 EBIT from Sodium Sulphate – say 25,000 tonnes EBIT = USD $2 million = $A2.5m

2006/2007 EBIT from Boric Acid – say 10,000 tonnes EBIT =USD $4.0 million = $5m

So total ebit is $A27m divided by 465 million shares = $0.058 cents a share.

P/E of 12 times – 69 cents per share.

Then comes the lithium production…..etc etc etc

Valuations are stacking up from original report.