some rough figures, page-7

so 82.5cps based on your 2.75 per share gross revenue

take off about 15-20% for hedging and use net profit margin of 30-35% and theyll make around what commsec forecasts are for '07

this lower EPS is due to mining accident investigation that hampered proddy.

this is a ONE OFF.

NExt yr theyll make MUCH MORE with the added proddy from beltana - I think above the 90 cps commsec forecast

So on a PE of 5 or 6 theyre worth anywhere between $4.50 and $5.50

someone plse confirm this analysis