my 2 cents on Tomtor, page-10

Welcome to the thread (if you haven't been here before?) and thanks for posting the above.

Doesn't appear to be a whole lot of new info here from Argonaut though. This is from their April report...

http://www.cradleresources.com.au/w...Anglo-transaction-highlights-demand-fo....pdf

One thing that took my eye was they have used a 12% discount rate when calculating the NPV and they get $401m - priced in Aussie dollars.

CXX used a 10% discount rate (& later reduced to 8%) when they calculated the NPV for the DFS and they came up with $404m - priced in US dollars.

I would like to think the Company would know the real score.