hey lekki

K and R

what appear to me to be fairly overly optimistic numbers are being bandied around at the moment. You have done some work already and have calcualted that (currently) you feel a t/o is about 60/40.

Do you mind sharing what you think the price will be and your time scale (assuming the BFS come abck with figures +/- 10% of current figures).

cheers.

for what it is worth my guess (and that really is all it is) would be around 60c Feb-May next year. That is based on DRI being proven but NO contracts sighed and NOTHING from Gold. Simply APG doing the BFS, technology proven - then BHP makes an offer. Any additions to this situation would affect the t/o price.

That it my HONEST opinion and maybe slightly conservative.

Just for the record, is there a company curently listed on the ASX that pays 10% fully franked dividend. I mena the all ords average is 3.4%?