Hi Lash, Lumwana has a base case NPV@10% of US$236million(based on CU price of US$0.85/lb). With 51% of the project, that gives a value per share of US$0.859 per share. Now converted into A$ equals $1.21913(Hope I got that right). It appears most probable that EQR will sell a majority ownership of the project to a major with appropriate mine development and operating experience. Listing in Canada or London might give the share price a bit more of a hurry up. Cheers John. Holding lots of EQR.
