$5 a share, page-7

I recall ACI was talking about profits of around $20m pa off about $100m revenue from Dubbo for the base case. IF I were to assume double the production and a doubling of prices post July . . . . at the risk of ramping I would have costs in the vicinity of $120 to $150m and revenue of $400m . . . . so given the AUD as it is I'll increase costs to $200m pa to give a profit of $200m pa. Nice round numbers anyway.

For a l o n g term project I'll apply a conservateive PE of 10 to get market cap to $2bn (a nice round number).

Divide by 250m shares and I get about $ 8 per share BUT this is a BLUE SKY LT estimate and there is a lot of ground (excuse the pun) between here and there. It all comes down to how much we can extract and process the stuff for, market prices and volume.

I DONT guarantee my quick guess numbers and profit marjins could turn out to be a lot less. HOWEVER yes the rampish head for this thread can be supported by back of the envelope numbers.

cheers