hardman broker report, page-3

Wow, was some reading:


Page 26: Rule of Thumb Valuation:

Project Resource RoT 10% Value Value per share
estimate (280m shares)

Manburrum 24.4Mt@ 2.23% $132m $0.47
Zn + Pb

Mount Peake 140Mt @ 0.3% $1,916m $6.84
V2O5, 9% TiO2
and 35% Fe


**** Seems like Good value indeed, when does it start reflecting in the SP ?

Ro T valuation is a good guide, even if they are wrong by 50%, would still be over $3.50 per share. DYOR