nine msn, page-4

i was running of figures of 1.5mtpa for the first year but revised my figures and still get a share price based on a PE of 5 at $1.78 after the first year of producing. thats based on RP at $210/t US opex at $150/t AU, AUD at 75c and repayment of debt and capital raising at 66c for 15% of shares outstanding.

Oh i forgot this takes in to account a divie of 9c as well. Not much but hey still a divie. which should leave about $33million in the bank. Not bad i say.

i will be away for the rest of the weekend but if anyone would like a copy of my spreedsheet im happy to send it to you next week email - [email protected] and ill do my best to get it to you early next week. im no accountant or professional on spreedsheets but im happy to share.

This by the way has to be the biggest hint we have DSO Guys. Look at it this way we will be producing next year even though we wont be able to ship as much until the port is upgraded we will be PRODUCING in my books. 1mtpa is better than nothing might i remind you all.

have a good weekend guys and girls.