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Patience: do it once & do it right, page-159

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4thekids

819 Posts.

7

18/11/14

09:24

Post #: 14305772
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Originally posted by RussianRoolet ↑

At $1 SP can be easily validated as that would be a MC of ~$486 million requiring ~$48M profit at a 10 PER.

As stated, to get the ~$48M profit would require:

24/t margin x modest upscale to 2 mt pa. not difficult math and not out if the question. There's your 48m pa. When you consider that they do state a 4-5 mt pa may be on the cards.

Obviously, the first step will be the .8 mt pa start up first that would represent a SP of ~40 cents on a 10 PER which is viewed as a low risk, low cost start up.

The big upside here is that it has been stated that a "4-5 mt pa" may be possible which would mean a multi dollar SP.

Hence, if the JORC walks then a significant re-rate would be on the cards.

If the take off talks walk then Housten we have a problem.

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This is turning into a disgrace. What sort of company goes into a suspension for an extended period to formulate an update. The purpose of the market is to allow trades to happen, not to shut down trading whilst the company keeps operating.

The ASX should simply give them a deadline then re-open.

4TK

QBL Price at posting: 2.7¢ Sentiment: None Disclosure: Held
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