tika1Is is early days in the production ramp up and any current...

tika1

Is is early days in the production ramp up and any current figures are likely to be misleading. From my reading of MWE published material (see web site eg http://www.mawsonwest.com.au/IRM/Company/ShowPage.aspx/PDFs/1473-58542433/MawsonWestQ2OperationsCorporateUpdate

at current copper/silver prices and at a production of 20000tpa then 'profit' should be in the order of $60m (US). With 180m shares & options then each share has 60/180 = 33c x 6 (low PE until mine life is extended) should see a SP of $2.20 ++

My calculation is based on the use of heuristic rules and should be treated as guidance only.

Cheers

R1