share price this time next year ?, page-6

Jakeb - just wondering how you can come up with a 50c bottom end valuation for the successful burn? What is this based upon? I am interested how you can come up with a figure so high? Was this based upon anything other than wishful thinking.

Take two recent Analyst reports available freely on the cxy web site. Arrowhead value cxy at between 12.4 and 23.6cents, whilst Bakers investment group have a figure of 14c. Both reports show sizable upside and are based upon a successful outcome at Kingaroy (which is very possible given Len W's previous success).

I agree the feasability study based upon the burn is critical (mid 2010??), but i can't see the share price rising 5 times the current level on that news. Maybe in the vicinity of 50% to around the mid teens in 12 months time?

A successful feasability report for Kingaroy (and funding), support from the QLD govt for Wandoan, substantial progress in Victoria, success overseas; if all goes to plan in the next few years will no doubt see a re-rate of the SP, but there are certainly a lot of hurdles to overcome for every one of the proposals in the pipeline (some are not easy).

T