Thanks Anna we definately dont want this to develop into a...

Thanks Anna we definately dont want this to develop into a slanging match.
I was WRONG on number of shares. 498535899 is the official figure.thanks KookE
reducuce my numbers by 20%
ie range $1.32 to $1.76 I ALSO NEGLECTED TO CONSIDER THAT THE COMPANY PLANS TO HAVE CONTROL OF 75% of production not 100% SO REDUCE THEM AGAIN BY 25% EQUALS RANGE $0.99 TO $1.32
now for the sake of informed discussion I have used a return after costs of $60 per tonne to keep it simple. This is based on run of the mill average anthracite. This is not average anthracite but premium product. This is more likely to be--- Mbila $120/tonne SALE PRICE -$45 COSTS =$NETT $75 NOT $60 AS I used initially
-- Kangwane $120/tonne SALE PRICE -$50 COSTS =nett $70 not $60 as I used initially.
Therefore increase my nett return per tonne and effectively the both projects by stage 2 return an extra 20% bringing the value per share to$1.18 to $1.58 based on a PE of 3 or 4
It could be argued that a PE OF 5 OR 6 WOULD BE MORE REALISTIC FOR A PRODUCING MINING COMPANY. Also We musn,t forget that this company still has further drilling and 55000 hectares of known coal bearing country to explore-- at least.
sorry for the confusion dotty MY MISTAKE
Still waiting on your numbers
Cheers Chooky