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I see Vayama is suspeneded?? He's posted on AIV on another site...

  1. christophe
    10,010 Posts.
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    08/03/10
    14:42
    Post #: 6419628
    I see Vayama is suspeneded?? He's posted on AIV on another site and he thinks the potash project is marginal.

    He thinks at current prices, at maximum output, the project could earn $9m pa in NPAT.

    If capex is $90m, that is a ten year payback, which is poor.

    I see he apologised for his mistake.

    His new chart is below if anyone is interested:



    Just thought some might be interested, a little change from his original calculations on this thread.


    AIV Price at posting: 8.2¢ Sentiment: None Disclosure: Not Held
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