these were the expected figures from 20112.5moz x $30 pos = $80m...

these were the expected figures from 2011

2.5moz x $30 pos = $80m revenue per year - less costs and tax and royalties leaves $40m Net Profit
$40m/200m shares = 20c EPS x PE of 5 and you have $1 per share


ccu hit that price as those figures proved up

steady decline since then

spp at 60c in hindsight why? what did they know?

presentation last week compared to asx update this week is like chalk and cheese - why. what did they know?

will need to re-do figures when get next asx update



always looking for next slr. good management good resource fund expansion from cash

ccu were on track. will need to see what they actually have now. what did they knew before presentation last week. if they didnt know then they should have.

if they knew then presentation is out the window

have a listen to it