Profit, page-9

Hi folks, you have gone off the reservation somewhat with this naive interpretation of the finances. I have provided a comprehensive analysis of the finances with my spreadsheet, which takes in to account an equity raise, a Cornerstone Investor, debt funding, cost of capital (interest), tax, working capital (operating costs inc. maintenance). I can produce DCF, EBITDA and NPAT analysis. I have provided NPAT analysis in the p/e ratio output. I have done this for various scenarios, and given there is still some uncertainty in how this will unfold it is about the best understanding of the company's prospects I can provide. While looking at the simple difference between costs and revenues is tantalising, the fact is that the story is much more complicated than that and hence the financial analysis I have presented. We will get a better idea of the necessary financial details to really tighten the financial analysis over the coming couple of months I reckon. In the mean time anyone can ask me to undertake an analysis of any particular scenario they would like considered.