calling danash, page-5

Thats awesome Danash, very informative.

Heres my uneducated valuation for comparison.

I will factor in a worst case scenario for capital raising by adding 600 million shares at $1 to fund the construction costs. There is no way that I think management would dilute CPL by doing that but will look at worst case.

That would make approx 1 billion shares on issue at production with no debt.

Producing 8mtpa at US $50t profit gives a US $400 million profit pa with a 150 year + mine life.

On a very conservative PE of 8 , CPL would be valued at US $4 billion or US $4 a share.

Sherritt has a PE of 12 and Grand Cache 33, considering CPLs mine life a PE of 12 + is more likely ,ie $6 a share. Of course if CPL doesnt dilute ( as Im sure they wont ) this scenario could be much better.

I know my theory is very simplified and am happy to be corrected.

Good luck all holders

gmc