investor update pres. - sale of ccp to xstrata, page-4

This is the part I like on a quick summary:

Realisation of Value for CCP:

-$175m cash proceeds: 49c / share

Cash and forecast cash flow:

-Cash of $36m as at 31 march 2100: 10c / share

-White dam future cash flow of 24m: 7c/ share

-Great Australian forecast cash flow approx $30m 8c / share

That to me equals approx $74c per share plus
- The significant exploration upside,
- Excellent cash position
- Additional expected cash flow from Great Aust Copper of approx $30m.

At a time of some uncertainty, this looks solid value to me.



Cheers.