re: am i dreaming? For what its worth Haywood have increased...

re: am i dreaming? For what its worth Haywood have increased their AVM target price to C$10.25 (that's ~ A$1.20 per CDI) "based on Anvil's after tax corporate NAV of C$10.25 per fully diluted share, which assumes a 12% discount rate for Dikulushi and Kulu and a 15% rate for the remaining projects at a long-term copper price of US$1.25 per pound". They're estimating 2006 earnings of US$2.30 (net cashflow per fully diluted share) - that's A$0.30 per CDI.
BTW, their modelling includes use of the proposed SW/EW plant at Kulu to treat open pitable copper mineralisation from Mutoshi once the Kulu tailings have been exhausted (5 yrs +) through to 2020 - sounds promising.