Tossing around the value of this deal..., page-4

G'day Mac,

you are correct, I misread the announcement & thanks for picking that up. Also I didn't know the 10c was coming from IOH cash balance... In fact I'm still reading through the details myself.

I think the rest of my calculations are in the right post code, but that adjustment would make $9K of IOH worth just a touch under $20K over a three year period. Actually I also ran a rough calculation of the earnings per share from Iron Valley for BCI - if Iron Valley can generate $25 million it equates to approx 12c per share (unless my numbers are horribly wrong) so I think the divvy can be realistically supported into the future.