how high the pellet price 2011?.......$250/ton, page-5

Thanks guys, good commentary...

I have done alot of research, but given the very basics - company effectively has no debt, 7.4c eps for 6 month up to 31.12.10, lets estimate 15c eps for this year - looks like a pretty good PE ratio to me based on current SP!

This is of course not factoring in any upside associated with both Southdown and the pricing mechanism, but nor does it include any discounted risk methodology.

Hence, you see the logic to my previous post.

Needless to say, check the facts & do your own reseach everyone...