dap up to $450 and rising, page-15

Cheers Saracen -Asked earlier If anyone could put some asset calcs on these figures before - would be v. helpful.

Not my skills at all but using a basic NPV calculator off the net (google NPV) on $70/T profit (where I agree Saracen we are about now with freight and cadmium advantage) and only 1/2 million tons achieved year 1, 1 million tonnes next 2 years before ramping up to 3MT with a mine life of 6 years and costs still to meet of 150mill for full set up gives a NPV of about 490million for Wonarah alone. Assuming say 300mill shares on issue by then gives a SP of $1.60 then add cash backing 25c and other projects 20c? and we're over $2 before you even start to consider what sandpiper becomes worth under that same scenario pre-production.

I'm sure Ive done something wrong with the calc's but love a more experienced NPV dude to give opinion. If DAp stays put - it will happen :-) Good luck all.