40 billion dollars worth of nickel, page-9

Yes Kingrichard there will be a rights issue, good article on the herald sun today showing what how a sp of a potential producer can go up to. FMG from 30cents to $33, smy etc...

here is some assumptions/scenario that i made up to show how much GME will be in the next few years, bear in mind its a pretty pessimistice estimate and im sure that they will finance the project with debt and equity which coule have positive effect on the sp. This is just an assumption anu comments welcome. GL holders

2007 2008 2009 2010

EPS Multiplier (similar to MRE) 12 12 12 12
Share Price $1
Ni price per tonne 45000 40000 40000 40000
Ni Produce (tonnes) 2000 13500 14000 15000
Var cost per tonne 11250 10000 10000 10000

shares (M) 300 500 500 500
mkt cap (M) $300

revenue (M) 90.00 540.00 560.00 600.00

start up cost 25.00 455.00
variable cost 22.50 135.00 140.00 150.00
Contigencies 100.00 100.00

NPBT (M) 42.5 -50 320 350

EPS $0.14 ($0.10) $0.64 $0.70

Price (base on PE of 12) $1.70 ($1.20) $7.68 $8.40

Rights issue pice 1 2
Proceed of rights issue 80 400
Cash at bank 80 430 420 450

Dividends 0.66 0.64 0.70
Cash at bank after dividends (M) 80 100 100 100