Robbo - most of the time I use models developed by a couple of...

Robbo - most of the time I use models developed by a couple of broking houses.

In this case, it is a basic excel model and my reason for posting is to get some ideas from this forum to come up with a "refined" valuation.

Put that aside, I know someone who is working on the carbon tax credit scheme for the federal government at the moment and they have implied a few things - hence the interest in this U stock.

If I get any useful info from HC, then cool - but if I receive emotive responses then I guess its back to the drawing board and it will take me that little bit longer to refine the value of SMM.

TheGimp