HDR- Sailorgirl,s Tealadies?, page-5

Based on SSB's calcs, if Chinguetti is worth 20c - 40c to WPL, then the value to HDR would be 26c to 51c.

This is based on WPL's shares on issue of 666m and HDR 387m; WPL having a 35% interest and HDR 21.6% in Chinguetti.

In dollar terms, if Chinguetti is commercial, the value to HDR is $A100m to $200m.

This is just number crunching, not a recommendation. I hold HDR.