I topped up again here, the more I read back the more confident...

I topped up again here, the more I read back the more confident I become.

This for me says it all and why this stock is seriously seriously undervalued.

1. The net cash flow based on the current 12 month mining life.
   All valued in US unless otherwise stated.

1
2
3	100'%'JV'outcomes'	Low'Case'	Base'Case'	High'Case'
4	Zinc!Price![/B]	$2,800!	$3,200!	$3,600!
5	Lead!Price![/B]	$2,000!	$2,200!	$2,400!
6
7	LOM Revenue	$38.9m!	$44.0m!	$49.1m!
8	LOM EBITDA[/B]	$20.5m!	$25.4m!	$30.2m!
9
10	LOM EBITDA (60%)	$16.4m!	$20.3m!	$24.2m!