HTInterested in why you chose a PE ratio of 10. Do you base that...

HT

Interested in why you chose a PE ratio of 10. Do you base that on anything as I feel it may b a little low for the risk/reward of mining and this company at the moment. For this reason I think the SP is better valued at arounf the 85 - 90 mark.

Come the close of all the deals the risk in this company reduces considerably with all the cash on hand and focus on single project, and it becomes better value, possibly climbing to the $1 or more mark.

Your previous suggestions of Share buybacks etc may also push the sp higher.

Interesting thoughts Pilbara, hope you are wrong but I agree with HT that this company should be a good long term prospect.

BTW Pilbara I am a former Pilbara resident and remember going to a place called Python Pool. Are you nearby.

Regards