Matrix Capital'' BRR # yields $2.54/sh to EMLMany thanks Levity...nice write-up regarding Braemore, and thanks WJ. Finally some better visibility. Excerpt: "At today’s price of 19.75 pence, Braemore has a market cap of £133m ($270 million). Matrix Corporate Capital has estimated that the price could rise to 34 pence when the feasibility reports are submitted in 2008 and to 134 pence as the company nears production in 2010."
Plugging these projections into my prior calculation yields some attractive values that of course will fluctuate (mostly UP!) based on FX rates, share dilution, PM prices, etc....nevertheless>>>
@.20p = .38 per share boost to EML (fully diluted 285 million sh.)
@.34p in 2008 =.67 per share boost to EML
@134p in 2010 = $2.54 per share boost to EML