I smell a break out, page-4

countclarke
as of today we have somewhere between 4-6.5years of mine life from existing reserves. Boonanaring has at least 1 year probably 1.5 years left. Atlas has 3 years on existing reserves and 5 if you include the other two satellites. If we assume 70m cash flow per year that is approx 280-420 m cash . The upper figure is the most likely. Current cash and inventory is valued at about 92 m and they have land of 20m. So you can see at 200m market cap it remains very cheap. Note also the 70m cash flow is by no means a bullish figure at they will earn 100m plus on current prices per annum . Now if Biddimina was a stand alone project in a mineral sands exploration company I think it would be valued at 80m plus. If I took spot prices and extrapolated margin and cash flow on those , the the 280-420 m cash flow would be much higher also.
16 c is history . 4.3m traded mostly at 20c suggests many agree with me it’s going much higher