post tax 8% NPV is AUS$330M for CXX's share
CXX will have a 47.5% share of the project
divide that by current 167M script = $1.98
use a 10% NPV that most companies use, the share value drops to $1.44
i got my $1.50 from my method of working out a share price based on a PE ratio of 9 of future forecast earnings. i have found PE of 9 equates to a 10% NPV