Hi Fangk, I think you must be correct I can't see them selling for $120m if profit as high as my estimate I simply took 13.8% of estimated income as they get free carry but you must be correct, free carry after cost makes more sense, it might be mentioned in past Ann what estimated cost are.
If they were to sell for say 10x earnings that would put earning closer to 12m per year perhaps increasing to 16m once ore grade goes to 400k all at 6%.
We should find out end June/July when we get paid share from first six months.
Past divi been 2cts each time and if no mine sale I think we may get that, with sale perhaps more, depending on how much cash they need for other things, I'll go back to sleep now silly me, thanks for correcting I did think my numbers too frothy, Loop.
NMT Price at posting:
26.5¢ Sentiment: Buy Disclosure: Held
