Blackeyed Thanks for the estimate on fair value, can you provide...

Blackeyed

Thanks for the estimate on fair value, can you provide an example of how you arrived at fair value of $10.40

Not to show my ignorance the level of debt is part of the calculation and the $1.0b repayment is included is this correct?

I expect that worst case a further $1.0b will be repaid by June with the 2022 $4.78b forming part of this achieving a combined further interest saving of around $55.00m further reducing costs

YTD interest saving by repaying $1.7b = $64.0m
add a further $55.0m = $119.0m annual savings for 2017, even more if they refinance the balance left over for the 2019 $1.976b

Gross debt worst case June 2017 will be $4.0b

Assuming IO price $60.0mt realised $70.0mt 62%) for next 6 months and a further $1.0b debt payment what should sp fair value be?

Confirm that decrease in debt does increase fair value or is it only the associated interest savings that are taken into account?