vaalbank to be fastracked, page-6

I think a few of us have been looking at the wrong price range for the share price. Even if Vaalbank is not fasttracked and takes 9-12 months to develop, the share price of Conti should be as follows for the 4 mines that will be producing by then assuming no valuation is even given to any of Conti's other assets!:

p/e 15 - 26.5c
p/e 20 - 35.5c
p/e 25 - 44.3c

This is why I only hold CCCOs. On the above p/e's a see a minimum 5 fold return for CCCO from 4.7c in a maximum of 12 months. This could be as high as a 9 fold return in as little as 9 months without even taking account the other assets.

I cannot advise anybody to do anything, but I will certainly be keeping in mind as to how soon the big picture could unfold, before deciding to take profits. My profit taking will be based on company milestones as well as the share price.