Shares on Issue: 430,127,259
Market Capitalisation: $9.46 million as at 15 April 2010
Current valuation = 9460000/430,127,259 = 0.021993491 roughly 0.022
"More recently the Company notes that Macarthur Coal Limited paid $A334.35m to acquire a 90 percent interest in MDL162
pursuant to Macarthur Coal?s release to the ASX dated 24th August 2010. MDL162 directly abuts the Company?s 100 percent
owned EPC 1827"
assuming EPC 1827 sells for same value
Market Capitalisation: $9.46 million + $A334.35m
valuation = 343810000/430,127,259 = 0.799321579
363% increase in value
"Linc Energy state that they have sold 100% of their EPC 1690 in the Galilee basin to Adani Mining Pty Ltd for the sale price of $500 million cash up-front and a $2 per tonne royalty over 20 years, giving a total transaction value estimated at $3 billion. Pacific Enviromin?s EPC 1957, applied for in October 2009 as an exclusive application, abuts to the east of Linc Energy/Adani Mining?s EPC1690."
Market Capitalisation: $9.46 million + 3 billion
valuation = 3009460000/430,127,259 = 6.9966
31803% increase in value
... i would become a millionare
unlikly but optimistic
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