African Copper PLC AIM:ACU TSX:ACU

Ofex Punter,

All the detailed calculations are in early posts on this thread, I would think LSE:ACU have at least £6m cash probably closer to £10m personally.

Yes there will be dilution undoubtedly at some stage but I doubt LSE:ACU will be raising cash south of 76p AIM IPO Price personally.

I think Dukwe will be in a position to start full mine construction by end 1st Qtr 2006 refer recent press releases.



Obviously with Internal Rates of Return probably in excess of 100% LSE:ACU may decide to finance start up by project finance with likely payback within 15 months, it may well at these commodity prices make sense to borrow rather than raise equity in order to retain 100% of Earnings Flow after Project Finance repaid.

All IMHO, NAG, DYOR etc

Happy New Year

Cheers

Ash:)