cfe valuation please comment, page-3

hi,
good summary.

some points to add:

tax liabilities of 60m$ can be completely offset-> tax savings 60m$

80m$ to be received within the next 12 months

current cash after CUO acquisition: around 70m$

total cash after receival of MCC payment: 150m$

Marampa asset value: ??

Cape Lambert South asset value: ??

CUO assets worth around 300m$

total asset value: 450 m$ + Marampa + Cape Lambert South
divided by 520m shares

= fair value of 86c/share