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in all fairness, page-22

  1. chakay
    3,850 Posts.
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    20/10/10
    15:45
    Post #: 7358116
    The buyout of the remaining 40% includes the value from the landfill.

    This ceases in 4-5 years depending on how long they process it

    Once the landfill is gone so is the profit. Landfill might be woth 20-25M but extra income would offset that.

    My valuation would only take into account some discount factor on 40% of 25000TPA Australian operation.

    Cheers
    MHM Price at posting: $1.46 Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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