an offtake with discount for pre payment is the best means of...

an offtake with discount for pre payment is the best means of capitol imo.

Now that samples are going to potential interested customers, it's only going to take one announce.

I dont think we really need to worry about the financing.

One way or the other, i'm sure even the aussie banks would look at the numbers, and seeing the payback counted in months, and with offtake of some sort in hand, have no problem financing.

The numbers not huge anyway, we arent talking billions, just a 100m.

So, puting the financing aside, lets adress the thread title.

And its also about forward earnings too, with the potential to go to 3mpta the following year, and with dso fund bon, add another 1.5 mt, (if they were smart, they'd buy ucl as well, cash in the insurance on the zinc project and add 4-6M? into the coffers, i forget the actual figure) and lets not forget the rail upgrade to bring wonara to 6mtpa.

So when this things gathers momentum, and is at after its first year debt free, expanding productions, and looking to get bon on line as well???



This is only Wonarah. and its limts to 3mtpa.

So the growth potential, is double that, so 1.2 billion.

Now what PE do you pay on year 1, for a stock with this growth profile?

Anyways, projecting these to mc, and i'll assume worse, dillution to 200 mfps.

2010 - 100 x pe6 /200 = 3
2011 - 400 x pe6 /200 = 12
2012 - 600 x pe6 /200 = 18

Now, thats 3mpta, double the final result, if we get to 6mpta, and a bit more if we get bon into production.

Its all UPSIDE, and its all self funded after what ever intial dillution to get the DSO operting.

You dont get a growth story anywhere like this.

If we dont get taken out, i'd be suprised.

"XYZ offers a script offer for all your fully paid Minemakers shares, valuing your shares at close of business on,,,, at 5 dollars per share"

10 bagger? it can happen overnight for the right t.o.

cheers