Here is the same summary - but with current Cu & Ag spot prices,...

Here is the same summary - but with current Cu & Ag spot prices, 5% CAGR & current FOREX rates. I estimate 27% Botswana tax from 2015.

Year .................... ........ 2012 ........ 2013 ........ 2014
Strip ratio .............
Open Pit material mined . t ...... 24,000,000
Ore throughput (o/p) .... t ...... 2,000,000 ... 3,000,000 ... 3,000,000
Ave Cu grade (o/p) ...... % ...... 1.44% ....... 1.44% ....... 1.44%
Ave Ag head grade (o/p) . g/t .... 20.2 ........ 20.2 ........ 20.2
UG ore processed ........ t ...... 0 ........... 0 ........... 0
Ave Cu grade (u/g) ...... % ...... 1.75% ....... 1.75% ....... 1.75%
Ave Ag grade (u/g) ...... g/t .... 20 .......... 20 .......... 20
Copper recovery ......... % ...... 83.6% ....... 83.6% ....... 83.6%
Silver recovery ......... % ...... 61% ......... 61% ......... 61%
Cu recovered (o/p) ...... t ...... 24,077 ...... 36,115 ...... 36,115
Ag recovered (o/p) ...... oz ..... 792,412 ..... 1,188,617 ... 1,188,617
Cu recovered (u/g) ...... t ...... 0 ........... 0 ........... 0
Ag recovered (u/g) ...... oz ..... 0 ........... 0 ........... 0
Concentrate Grade ....... % Cu ... 41% ......... 41% ......... 41%
Copper price ............ US$/t .. 9,326 ...... 9,793 ...... 10,282
Silver Price ............ US$/oz . 40.7 ........ 42.8 ........ 44.9
Copper revenue .......... US$ .... 224,545,678 . 353,659,443 . 371,342,415
Silver revenue .......... US$ .... 32,282,848 .. 50,845,485 .. 53,387,759
Total Revenue (incl Ag) . US$ .... 256,828,526 . 404,504,928 . 424,730,174
Net Op Costs (o/p) ...... US$/lb . 1.46 ........ 1.46 ........ 1.46
Net OP costs (u/g) ...... US$/lb . 0 ........... 0 ........... 0
Total OP costs .......... US$ .... 77,475,290 .. 116,212,935 . 116,212,935
Calc unit costs/t ore ... US$/t .. 39 .......... 39 .......... 39
Operating Margin ........ US$ .... 179,353,236 . 288,291,993 . 308,517,239
Offsite G&A ............. US$ .... 1,900,000 ... 1,900,000 ... 1,900,000
Expex ................... US$ .... 8,000,000 ... 8,000,000 ... 8,000,000
Capex (sust) ............ US$ .... 3,000,000 ... 3,000,000 ... 3,000,000
EBITDA .................. US$ .... 166,453,236 . 275,391,993 . 295,617,239
Interest charges (@5%) .. US$ .... 9,000,000 ... 2,600,000 .. 1,000,000
EBTDA ................... US$ .... 157,453,236 . 272,791,993 . 294,617,239
DA ...................... US$ .... 15,745,324 .. 27,279,199 .. 29,461,724
EBT ..................... US$ .... 141,707,912 . 245,512,794 . 265,155,515
Tax rate ................ % ...... 0% .......... 0% .......... 10%
Tax charged ............. US$ .... 0 ........... 0 ........... 26,515,552
NPAT .................... US$ .... 141,707,912 . 245,512,794 . 238,639,964
Shares issued (FD) ...... ........ 447,430,006 . 447,430,006 . 447,430,006
EPS ..................... US$ .... 0.32 ........ 0.55 ........ 0.53
FOREX ................... GBP/$ .. 1.64 ........ 1.64 ........ 1.64
EPS ..................... UKp .... 19.4 ........ 33.5 ........ 32.6
est SP @ x10 PER ........ UKp .... 194 ......... 335 ......... 326
Forex A$/GBP ............ ........ 0.66 ........ 0.66 ........ 0.66
est SP in A$ cents ...... A$c .... 292 ......... 506 ......... 492