Kalenn , Many thanks for that and I believe your figure of 2,700,000,000 shares in issue post financing is in the ball park. With Anglo American trading on a P/E of 8.7 and RIO on a P/E of 12 , I would ascribe somewhere between 5 and 6 for MYL once first 6 months production is known. However at some stage dividend policy will come into play and an initial yield of say 8% would not be unreasonable.
MYL Price at posting:
8.6¢ Sentiment: Buy Disclosure: Held
