Howdy all, for a change of pace I thought I would post some...

Howdy all, for a change of pace I thought I would post some projections from my AVM worksheet and get some discussion going over what it looks like now and where it might go.

My calculations from the last quarterly (cashflow only so not necassarily accurate) show an annualized EBIT of somewhere around 23Mill AUD. Using a very conservative 6 year mine life which is what the current resource allows and taking out CAPEX, 90%AVM share, exchange rates, 20%NPV I come up with about 25c a share value. To expand that a little to encompass stage II I calcualte the following.

With a cash cost of 45c/lb production 19000t a year and copper around $2700t, 6 year mine life and a 20%NPV calculation, 7 Million CAPEX, a 90% AVM share and fully diluted comes to a little over 50c a share. If AVL manange 40c/Lb cost and hit the 20000t/pa target and copper gets to $2900t that goes well over 60c.

Anyone else come up with similar projections?