Ann: Rocklands Feasibility Study, page-388

Hoots,

I have gone through this thread and something doesn't add up with your post IMHO.

""(total profit of $112m over 10 years and the Minshengs debt has to be repaid from that profit unless they can sell even more shares to pay back Minsheng thus diluting the total 10 year dividend of $1.85 over even more millions of shares on issue.)""

Excuse my ignorance but, if we will have $112million in profits over ten years (allowing that the price of copper will be at what they envisage it will be, and in selling all the by products, and considering that we will have about 400mill shares on issue after this new SPP, how do we come up with $1.85 per share in dividends.??

All I can come up with, is about 28 cents or thereabout over 10 years, (If We Will Sell Everything that we can that is, and if we will average the USD$2.63 per pound of copper, which is about 20% more than what the copper is sold for now).