Hi All.Just going thru a few figures & notes thatG.J. told me...

Hi All.
Just going thru a few figures & notes that
G.J. told me back on the 29/09/2010 on the Gold Coast :

A broker was about to come out with a SDL value of 66c.
Cost - FOB will be around US$20/ton....
If I.O. was $120/ton, that would give SDL US$100/ton profit, giving it a PE ratio of .31
The project will pay for itself in 12 months.
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I did some cal's :
When mining starts, On just the 35mil ton per yr that has been quoted, at US$100 profit per ton, = US$3.5 BILLION per year profit or = to $1.30 profit per current share.
If you have a share that is yielding 10%, the value of that share should be = $13.00 or yielding 5% = $26 each.
Just shows the scope of this project..
...you do the cal's if more, (50mill tons/yr)IO is produced & another 30-50 profit per ton is achieved.


Any comments....?

Gazza