Hi all,just wanted to get some feedback on some basic modelling...

Hi all,

just wanted to get some feedback on some basic modelling of PLV now that the TimeOne deal seems to have been ironed out (excuse the pun).

Model Assumptions:
Number of shares on issue after TimeOne Deal: 282255058
Conservative Ore Price: $120 / t
Conservative Production Cost: $70 / t
Production Volume: 4.4 million t / yr
PLV Cut of Profits: 70%

Based on these figures, I get the following share prices (once we are in production), under various P/E ratios:

P/E = 5 gives a share price of $2.73
P/E = 7.5 gives a share price of $4.09
P/E = 10 gives a share price of $5.45


I have a few queries. Is the number of shares correct? Does anyone know how many options there are on issue, so I can work out the fully diluted values? What else should be included in this valuation?