Thanks Champ,Ok I have revised calculations based on a mistake...

Thanks Champ,

Ok I have revised calculations based on a mistake for Vaalbank and the missing Vlakplats

= 100,000 tpm x $120(after costs) = $12M ZAR p.m
= 1.8M AUD p.m. = 21.6M p.a.
= at 60% interest = $12M p.a.

From Project X

= 100,000 tpm x $120(after costs) = $12M ZAR p.m
= 1.8M AUD p.m. = 21.6M p.a.
= at 75% interest = $16M p.a.

From Vaalbank

= 150,000 tpm x $120(after costs) = $18M ZAR p.m
= 2.7M AUD p.m. = 32M p.a.
= at 100% interest = $32M p.a.

From Vlakplats

= 150,000 tpm x $200(after costs) = $30M ZAR p.m
= 4.5M AUD p.m. = 54M p.a.
= at 100% interest = $54M p.a.

So over the next year with an income of 10M we are sitting on a P/E of about 5.

All things going well CCC will ramp up the other two projects. Based on the lower range of their figures we are looking at a combined throughput of around 500k tpm or around 6M tpa and we can look forward to a combined earnings of around $115 M p.a.

Since we expect no dilution this gives us a market cap of around $570 M if we apply a similar PE of 5.

A genuine 10 bagger