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!"
MNM Price at posting:
10.9¢ Sentiment: None Disclosure: Not Held