pls, page-2

I've been reading through also. There's a lot to digest!

The Geocoal report is very interesting:

Page 107 provides valuations of the Boikarabelo mine:

Using exchange rate of AUD1 : ZAR6.62

Cashflow Approach:
R5.059 billion = AUD0.764 billion

Cost Approach:
R5.556 billion = AUD0.839 billion

Using this valuation & current shares on issue of 164 million = 0.839 billion / 164 million = $5.11/share

The valuation includes estimated capital expenditure.

I think we need to discuss this!

Comments??