nsl looking good, page-13

well 1Mt selling say by mid next yr thats $45-50
profit per tonne ($80 IO cost per tonne - $33 Expense)

45 x 1Mt = 45M profit.
say they are left with 30M
thats 30M profit per yr.
a Pe ratio of 8 would put that market cap at fair price of
240M

they dilute shares to raise cash to say 1.2B in total.

so thats a fair price of 20c

BUT, they are going to do a consolidation to meet with listing rule 1 and 2 or something.. and will consolidate to minimum 20c.. so if they raise capital at 20c after the consolidation that would only be a further 50-100M more shares diluted and would be 1B shares on issue in total, making nsl's fair price at 25c

thats how i see it ..