PREVIOUS ASSESMENT "based on the new financial events, total...

PREVIOUS ASSESMENT
"based on the new financial events, total project capex debt repay and opex, current ore price and projected earnings i have downgraded my 2014 sp valuation expectation from 75c to 59c.
38% of 8mt is better than 0% of 0

NEW ASSESMENT (NETSCHER SAYS ANSTEEL / GBG 50/50 EQUITY SPLIT WILL NOT BE ERODED -debt period will be extended)
hence based on the new financial events, total project capex debt repay and opex, current ore price and projected earnings i have revised my 2014 sp valuation expectation from 59c to 77c