re: is this right or not/the bigger picture! Quote:-...

re: is this right or not/the bigger picture! Quote:- '........... once the gold pour is confirmed, I expect sp to resume its bull trend, reason is; the sp value must sooner or later reflect the capitalized value of future cashflows. So where is the sp headed following the first gold pour??. Certainly not down, as one or two posters have suggested. (Let’s leave the uranium project out of this scenario for now)

My back of the envelope calculations;

It is written that: Annual plant processing output will be 50-70,000 oz at normal throughput rates. Ok let’s take the mid point (conservative):

Annual Output = Gross Revenue: (60k oz @ Aud $625/oz) =$37,500,000
Extraction/mine operating costs (60k oz @ $400/oz = $24,000,000
(JV) Net profit after tax (tax = 0) $13,500,000

EXT share of net profit (50% ) (tax=0) $6,750,000
Less Admin/marketing/shareholder costs (my guesstimate) ($1,200,000)
EXT’s Annualized NPAT $ 5,550,000

Current shares on issue: approx. 560mil
My target sp assume P/E of 10 (conservative) = $0.099 cents
Target sp assume P/E of 15 (market ave.) = $0.148 cents .........' End Quote:- Zackman 10/11/2005
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........ it is written! It will now be so!

*Zackman is obviously very astute, wise and worldly, and is right on the money with his EXT calculations.
I foresee Zackman rubbing his hands with glee, and sharing in the EXT riches available to all faithful holders.
The flaming tree has now been burning brightly for 30 days and 30 nights, and the time is nigh!

Oh come Extract thy holy digit, and leave thy moaninglisa she-devil gasping, groaning, and drowning in Imugene's pending and replicated failures.
Extract thy wallets now all ye heathens, repent your previous hotcopper errors of judgement, wash away your evil ASX losses,and the EXT roads ahead will be golden roasted from a never ending pour!

........... IT IS WRITTEN! IT WILL NOW BE SO!..............
nostradamous' .......................................END QUOTE
nostradamous