Targeted expanded production @ US$30000/tonne.Margin...

Targeted expanded production @ US$30000/tonne.
Margin US$21200/tonne
To June 07: 8633 tonnes – cash flow: US$183 million
To June 08: 13000 tonne – cash flow: US$275 million
To June 09: 16250 tonne – cash flow: US$344 million
To June 10: 17500 tonne – cash flow: US$371 million
To June 11: 20000 tonne – cash flow: US$424 million

Market Cap/Cash flow multiple:
2007: 8.74 – current PE approx 9.5 allowing A$200 million full year profit.
2008: 5.8
2009: 4.6
2010: 4.3
2011: 3.8

Targeted expanded production @ US$20000
(Margin US$11200/tonne)
To June 07: 8633 tonnes – cash flow: US$96.7 million
To June 08: 13000 tonne – cash flow: US$145.6 million
To June 09: 16250 tonne – cash flow: US$182 million
To June 10: 17500 tonne – cash flow: US$196 million
To June 11: 20000 tonne – cash flow: US$224 million

Market Cap/Cash flow multiple:
2007: Current PE approx 9.5 allowing A$200 full year profit.
2008: 16.5
2009: 11
2010: 8.8
2011: 7.1