gt40Great up ramp. Fast start project you mentioned, here is the...

gt40

Great up ramp.

Fast start project you mentioned, here is the ann lets look what it says.
http://www.asx.com.au/asxpdf/20070906/pdf/314ds2vbprt1sp.pdf

150kt of ore P.A lets assume 2% nickel which we know the average will be less, that’s 2,000 tones of nickel sold P.A

That’s about $44mil P.A after leaching costs.

Running costs for fiscal year 07 was $8mil which had no mining, and say tax at 30% leaves $25mil

So this is over estimating as we are excluding upcoming mining costs, and costs for the fast start program, and drilling costs, and assuming a constant 2% nickel rate.

So under current market liquidation, and assuming 1 full years of production and sales that’s a EPS of 14.7c, using the same PE ratio as JBM that’s a stock price of $2.60

If we calculate market liquidation after AF gets his 42% from you all, that’s a EPS of 8.6c, again using same PE ratio as JBM that’s a stock price of $1.53

This is after 1 years production, and not factoring in mining costs and fast track costs so is not being conservative and actually quite bullish.

Gt40, I think as you said, you are stoned and have double vision, clearly this is judging your ability to think straight. And when you come too, it will be you bent over with a wet willy up you’re a$$