acquiring mashala, page-43

cmc,

lol thanks heaps - i'll make a note to review a bit better in the future. So here it is from the mistake onwards (hopefully corrected):

Tax 29% brings us back to US$29M APPROX.

Now Im going with a P/E of 10 given the balance between export Vs domestic production in 2010 and converting for $US/Aus at 90c US we get $31.9M profit

Apply this to 2.7B FULLY DILUTED is around 1.2c/share.I'll discount by about 15% to about 1c.Multiply by P/E of 10 and we get an sp of about 10c or a market cap of $270M.

plus inground resource of 500MT equates to a market cap of $770M or 28c per share.