2 bill investment to return 1.4 bill
over 25 years is a 3% return per annum.
hardly worth the effort in my opinion.
thought the coal was worth more then that!
hope coal prices remain above present value.
6 years is along way away, maybe 1 billion shares on issue
by then.
mantles share is 30 mill a year(approx) by 25 years is 700 mill by a bill shares 70c a share over the life time of the project.
the market at time of production will value it at what? maybe 6 times earning so that 180 mill by a bill shares is 18c ............. :(
"maybe i have my figures all wrong, im sure i have!"
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