Cash costs are closer to $30 so all things being equal Eps is about 40c
With a PE of 10 which is quite reasonable that will give us
a share price of $4
Now if what I read that phosphate prices will test previous GFC highs $400 then you can right you own ticket
Mind you this from only one deposit, in all fairness cnl will have up to 6 phosphate deposits
Also if silver prices keep heading higher our project in Algeria will in it's own right a company maker.
Early days but cnl could shape up to be gem
Cheers
mention byy robin bromby, page-16
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