Hi TilleydogMWE released yesterday, 5 Jul 11, the positive...

Hi Tilleydog

MWE released yesterday, 5 Jul 11, the positive Feasibility Study results for the Kapulo Project. It also included an update on Dikulushi.

Using my ROM (Rough Order of Magnitude) Rules, I have calculated the following SP forecast:

Based on Shaba (Above ground) alone, at a production of 15K tpa = $60m (profit)/150m (shares) x 7 PE = $2.80 x .9 (90% ownership)= $2.52. Then with Dikulushi, Safari North and Safari South making contributions plus resource increases, MWE should have value of up to $3 plus by Dec 12.

I welcome all other SP calculations.

Cheers

R1