crunching numbers on plant 1...

Doing the numbers again... Ben mentioned Plant 1 forcast at 60,000T processed for 2011. Making $300 PT and retaining the commodities extracted. Commodity value not factored in.

So numbers for 2011 revenue on just the processing is $18,000,000 on Aussie Plant 1. Or 1.5M pm.

Big expense is naturally the 40% royalties that i heard MHM may buy back. Now 40% is going to be near 6.4 Mil minus say 1.4M expenses.

Meaning royalty holders will want at least 50Mil for the buy back IMO. Unlikely the buy back of the royalties will happen in the ST IMO.

Thus the HUGE upside OS- we pay ZERO royalties... Every $1 made is all ours. We should have a far greater upside calculated into our calculations than a few cents IMO.

I still guessimate 40c value calculated for Plant 1 and 50c for OS upside by the market. IMO.

x2 to x3 bagger upside to Plant 1 upside in ST. IMO

Multi bagger upside to OS expansion once Alcoa deal comes through. Plus SSC deal, etc...

When priced at $1.5 most felt we had 1-1.5 months till completion of Plant 1. Now it is far more probable.

OS expansion is definately happening NOW... Via SSC FE Study and Alcoa deal bound to happen. When priced at 1.5 it was probable yet now it is a fact that OS expansion will happen. Our only question is 'how fast will this all happen'.

I guess overall investors are simply far too impatient. The patient will do well in this undervalued Coy IMO. In the ST, MT and LT IMO.

Cheers JAY