I agree with your calcs Salty however those 10x multiple...

I agree with your calcs Salty however those 10x multiple projections are based on a company making profit run by good management and with a bright outlook.

20x earnings if you have the guns running the joint with a string of positive half's, increasing dividends and revenue on the up.

This mob can't run a chook raffle. If they had have stuck with the original plan it would be a completely different ball game now. There's a trust problem in play here and it's going to be extremely difficult to shake that.

BTW one thing I omitted from my agm recollection was Iggy mentioned the logistical difficulty's associated with SdV being in a remote area and 4000 mts above sea level. Whole lot different to Mt Cattlin.