mining licence = high risk, page-6

From what Ive looked at...Intersuisse and other released info.

I think A$20 mill pa profit is conservative....considering the "new" open cut move.

Intersuisse were thinking A$10 mill profit/pa on 120,000 tonne underground US$60 margin,

and STILL arrived at a 'conservative' A$10 mill profit!

Things look alot better since then.

We are now looking at 250,000+ tonnes pa (5yr)
open cut AND underground from YR 2.

I see, based on A$20 mill profit/pa,

Undiluted P/E 5........11.5 cents/share. etc.

I reckon its a fair call considering all available info.

Those worried about a trivial single sell this arvo should look at the facts. If CCI was down to 1.5 on heavy volume....ok we MAY have some problems imo.

But that has not occurred.