betting time, page-25

Hi All,

So here is my WAG (as RNF would say)

If you allow for the fact that Hutch's options($6.50) don't get up before expiry, then the fully diluted shares on issue are 189,068,961.

I think that WM will continue to demand a premium to the current SP, just as he has before. Given that the recent max has been $4.94 I don't see any reason that $5 should be out of the question.

As I am a little anal with numbers, I like to keep them nice & rounded, so I'm betting on 10,931,039 shares, that will make 200mil on issue, at $5 raising $54,655,195.

I believe they already have sufficient to finnish the plant and this money will be for the Rail & Shipping facility, but as I say, just my WAG. (I do this just for entertainment lol)

cheers

cj