I've had (a very amateur) attempt at fiddling with some numbers...

I've had (a very amateur) attempt at fiddling with some numbers and have come up with the following.

Total number of shares (assuming all options are converted by 2010): 643,821, 749

Net cashflow after interest (from recent investor preso): $80 mill

= $0.12 net cashflow per share p.a.

Caveats around this are:
-only half production (200MW) by 2012
-this only relates to Kingaroy prjoect and ignores value of other prjects and company assets
- no timeframe for bringing Kingaroy into full production
- no discounts to account for risks etc... bringing the project online.

Current SP $0.089 = Worth a punt for me!

JT