OK @goldbear77 I wont get carried way with bullish valuations;...

OK @goldbear77 I wont get carried way with bullish valuations; lets just use the A$303 mill NPV, and write everything else off. lets imgine all the metals prices fall down to their Pfs calc prices Then lets tke 75% of that which chinese dont own and were at an A$ 230 mill NPV.

Then lets half that conservtive figure again just for good measure- future CR's, dilution, risk of an Abo uprising etc etc.. and other bearsuih stuff - and now were only at A$ 115 mill NPV . happy?

Even then were still 50% undervalued.

or lets take their "Average Lom EBITDA of A$75 mill pa? and lets put that on just a 4x pe for a 8 year mine life after repaying the debt. . conservative enough? and then lets discard 25% as it goes to the chinese JV. Thats still a valuation of 4 x56 =A$224 and were at 30% of that value so have to raklly 300%

how about that each it the mine runs we stand to get an almost 100% PA dividend buying in at this price - isnt that also under valued.

My point is this stock is undervlued and not marketed well enough, how undervalued eiher very or incredibly -is a moot point. Its dtill a screaming buy here by any investing logic.

I hope thats is more ocnservative for you my friend.