Not sure about calculations in last post, they seem a bit low,...

Not sure about calculations in last post, they seem a bit low, because when I try an EPS it looks like this:

Shares on issue = approx 200Mil (see capital structure info below)

Tax paid profit per year = approx A$150Mil over 10 years

EPS = A$150Mil/200Mil = 75c

PE @ current 70c per share = 0.9

I know they have to pay back approx US$90Mil for plant construction but I assume that the pay back is worked into the DFS profit figure but if not then I guess roughly pay back period = 1 year and/or JV partner of some sort to fund a majority of it.

I know this is based on the long term price assumptions from DFS below & that the 1st few years will be below US$116Mil tax paid profit BUT long term these figures look conservative & this looks like a long term cash cow.

ASX certainly thinks it's very ho hum, it will be interesting to see what the London SX thinks over night.

Anyway that's it from me, although I would be interested in other peoples views if I am stuffing up my calculations here. I'll just shut up now & continue to slowly accumulate as $ become available.




.