Break-up of the 53c is as follows:
Current Cash $35m
CCP Payment $175m
Potential CGT $25-35m
Cash from White Dam over next 12mths $45m
NPV of Great Australia royalty payments $25m
Other copper/gold assets left behind from Xstrata deal $10-15m
Hazel Creek $10m
Other exploration JV $10m
Total $285 - 295m or 82.5 - 85c
Less Cash payback to s/holders $100m or 29cps
Net total $185 - 195m or 53 to 56cps
Current share price of 64.5c is tending not to reflect other potentially excellent assets of EXS and management's proven ability to generate value from these assets longer term.
from shaws morning notes, page-2
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