Get it into your head that Mr Connelly in today's report included a NPV of $US108M ...
Directly from p44...
"This requires a cash flow model which was supplied by Winmar Resources. The plant would have a higher value based on a resource and cash flow. A value under this scenario has been attempted at a high level and subject to a number of disclaimers the financial model NPV value is US$108,000,000. "
That is from the companies cash flow model supplied to Mr Connelly.
The report was a lot more than just a valuation, perhaps you should read it before commenting.
WFE Price at posting:
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