what is ph worth?, page-7

The 1.15bil is just what it cost to build/develop, add in the cost of capital and the dilution when we bought the deposit from minator, what it will have cost us to get this thing up and running is IMO over AUD$2bil, it is worth at least that now even in the current climate, if they let it go for any less, or if they sell 51% for less than 1.2bil then they have failed AGAIN, either a convertable note/preference shares issue, pro rata, to shareholders only to raise >$500mil is the only logical thing to do if the offers arnt >2bil for it.