Back of the envelope calcculations always the best when...

Back of the envelope calcculations always the best when investing. Milling of stope ore starts this Sunday, have 7kt of dirt on ROM pad ready to go and will be milling at 22kt per quarter. The previous devolpment parcel was 15kt and produced 13k oz, $20m rev or $15m profit so quarterly should be production 20kt oz or $30m Rev or $23m profit, lets say $100m profit for the year, that is if the grade stays the same!
They have always stated they "will not own a minority stake in DIO if AVO has control" so would think there is a good chance they accept the AVO terms which would be $43m cash (can't see them holding AVO scrip). There was $5m profit from last half so have $20m reserve to pay dividend so with 50% payout, which is conservative given cash coming through teh door and no debt you could get 3c and will all those shares issued for DIO takeover they would like to buy them back with their proceeds so the envelope becomes pretty compelling!