so whats cape lambert worth

An update from April presentation as to what Cape Lamberts Worth and converted to its value by the time this deal is signed sealed and delivered.

FROM APRIL PRESENTATION
Ord Shares 302.5 * .675 = 204.2
plus opt 195.16* .675 = 131.733

Total shares 497.66
Total M/cap 335.933

30 Jun 08 6.55 * .49 = 3.2
30 Jun 08 3.55 * .9 = 3.195
22 Oct 08 .55 * .427= .24
31 Oct 08 102.21 * .277= 28.31
09 Feb 09 .5 * .367= .1835
30 Jun 09 3.3 *1.4 4.62
31 Oct 09 50 * .327 16.35
31 Oct 10 28 * .327 9.156

NOW WHAT ITS WORTH END OF OCTOBER
The cash balance is
Cash from options conv to Oct 08 34.95
Plus Cash at call 13

Total Cash 47.95
Less cash burn 5

Cash at Oct 08 42.95
Cash to come from remaining options 30.31

So total cash after sale would be about 443 million.
This equates to 89 cents per share in cash fully diluted.
Of this 80.4 cents per share would be from the sale and up for tax after costs. How much we get of this we will see.

Now lets see if we can work out tax.
Sale 400
less acc losses and expenses 27
less acc exp and development 53
Gives net 330 million to be taxed
at 30 percent leaves 99 million in tax.
So This leaves net proceeds after tax of 301 million dollars.
So my estimates are
We would have cashbacking of at least 344 million dollars after tax.
So assuming all options are converted.
This would leave approxiamately 374 million dollars cash backing on 497.66 million shares fully diluted.
This would give a net cash backing of 75.15 cents after tax. They retain tenement ELA47/1493.

Anybody care to add to this net cash backing as to what other projects are worth together with the company. My estimates are well over 1 dollar.