The big question is, have we seen Lachlans last post on the ASX...

The big question is, have we seen Lachlans last post on the ASX announcements page.

It's over to Bob Fulker on Monday.

The non holders are holding out for some terrible news that the recent announcements relating to production forecasts and rising grades and a revenue positive May involve handling the truth very badly.

If they are true the company is worth a big multiple of the current market cap which is a tad more than the future tax benefits, franking credits and the last 6 months mine development costs. Buying today you get the property plant equipment and all the resources for free.

It beggars belief that people are questioning the wisdom of buying at these prices because it might not be worth the big multiple of the current price that it could well be.

Is it worth 6.2 cents in a worst case analysis is the real question.

Worst case is process the known resources and pay the free cash flow out in dividends that could well be a multiple of the current share price. Liquidate the plant and equipment and flog the Giant pit and vacant land for a solar farm and pumped Hydro storage facility , sell the developed Industrial land and buildings and the Els and return the capital to the share holders.

Looks like a cracker investment even on that basis.