pictorial upate, page-48

:that with possible dividends of $2 to $4.00 "

Can you point to any public information that can justify those sort of numbers ?

MPS can only come up with $1 div year 1 and and $1.20 year 2 & 3 and thats using the bulk test 4.5% grade ( not JORC numbers ) and 1mt of ncu per year 30% of the total ore feed - also using low case capex of $250m and less than 200m shares on issue. Remember these were the guys who put a $25 s/p target on the stock in 2006 they have certainly adjusted their expectation maybe shareholders need to take a similar approach.


Having said that the stock is still way undervalued if it can pay a $1 dividend



Talk of $4 dividends sounds like an outrageous upramp to me.

hOOt