Having now done my own costing based on the Cu and Au alone, the Caplin report is extremely conservative.
CVI will easily meet the indicated targets without effort.
Hey, but i'm not a valuer so I will be quite happy to run with what they have indicated.
Shares on Issue (fully diluted) - 455,584,178 Mkt Cap - $82,005,152.04 at sp of $0.180 IGR of Cu and Au - $16,986,420,143 (at exch rate of AUS/USD of $0.90 and current metal prices)
At 10% IGR value per share - $1.51 At 5% IGR value per share - $0.76
Take into account what I haven't included and it isn't difficult to work out the huge upside potential of CVI when Pensador and the 10% Nett Profit interest in Luachisse and Nhefo alluvial diamond projects.
I particularly like the fact that cash revenue will be coming from the latter as of 2009.
CVI Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
