to rabbitoh only, page-16

Thanks for the clarification.....

so a little rejig of the numbers....

There are setting up a JV of which they hold 30%. NO dilution of the share register. So 500 Million shares is it.

They will have $70 Million in cash, and 30% of a project worth AT LEAST $1 Billion (The project has to be more than this, as they will jointly spend $1 Billion on it).

Best Decade will spend $250 Million (to buy in) PLUS $420 Million in developing their 70%. So Best Decade are spending $670 Million to get their 70% up and running. In my book, Best Decade think 100% value is close to $1 Billion.

So just on value (F eps, its worth more on that value), they are worth $70 Million (left over cash)+ $300 Million (30% of $1B) + $75 Million (from Options coversion)...

The company is worth AT LEAST $450 Million or 90c a share fully diluted