comeon up and away, page-2

The maths has been done in previous posts. In summary, a listing of Congo Copper at 10p should give NWA an implied price of around 7c.

Progress report on 22/11/07 indicated that marketing the IPO was expected to commence in Jan 08 and AIM listing in Feb 08.

Of more interest in the progress report was the DRC operations. 2 cupolas are producing at the moment. Looking to install electric arc furnances to process finer sizes and lower grade ore. In addition, looking at installing a concentrator. It can be seen that the new management team has well thought out how to really ramp up production. We could possibily see in 6 to 12 months a plant far bigger in size that we previously thought. Hence the possible upside is extremely promising.

Its been a long wait for the faithful. Fantastic to see buying support on a day the All Ords got slammed.


DYOR