cds calcs

Folks

Just looking at the resources figures from CDS's Waterberg Project:

Zoetfontein: 75.4 mt
Lisbon: 17.1 mt
KLZP: 322.5 mt

Total JORC inferred resource: 415 mT (with 30% coking & 65% thermal coal)
Coking coal rates: $300/t (124.5mT)
Thermal Coal: $130/t (269.75 mt)

This gives CDS an inground values of $72.4 billion worth of coal.

Cash on hand: $1.8 million

Shares issued: 649.6 mil (as per their May preso)
Unlisted options: 91 mil

If the revised resource figures is say twice or three times previous estimates, then that figure of 72.4 bill goes out of the window.

Someone could perhaps run a DCF model on this perhaps (at say 10% discount rates).

cheers

Advantage is close proximity to infrastructure & very power hungry SA market.