General discussion, page-10270

ADD the value of the royalty fee

EARNINGS
500,000T x $us900/Tx 1.5% at say 62c conversion US to AUD = earnings say $AUD10m ( seems high- did i do this correctly)

Deterra Royalties is trading at a PE of 14
EStimated value at different PEs as below

	5	54,435,484
1	7	76,209,677
2	10	108,870,968

add another $10-20m for FFX 17.6% holding = 1 to 2cents

ADD the figure calculated by Dazaliam above of 8.8cents

maybe a total est value of 10-11cents per FFX share assuming my calculations are reasonable. Feel free to adjust