london zinc day presentation audio, page-8

i had another look at the hartleys research piece and still think the numbers are a bit low even though they call for a 38c divvie in 2009.

80,000tpa is Endeavour's target production rate. at 1.50 zinc (A$4400/T) I get 350 million in zinc revenue for CY07 plus 30KT lead plus silver etc for FY 07....

adding in another 75kt from SS and maybe another 45KT from Broken Hill at 1.50 zinc and we're looking at almost a billion in revenue from zinc alone in 08...assuming stable zinc prices....

i don't see any of the brokers properly valuing SS and CML7....maybe after BFS comes out the market and brokers will review their calculations...

at the moment SS is a goer. plant has been ordered and the decision to mine has obviously already been made. not sure how they can commit shareholder funds without a complete BFS, but that's what is happening. in my mind the BFS has already been done and any uncertainty that was there is gone.