Toledo Mining Corporation plc

confolens - the PCSD (Palawan Council for Sustainable Development) meet last working day (or thereabouts) of each month...theres no link for their timetable its just a known fact...

wadein - the sp over the longer term...well its widely believed on permit approval the sp will rise markedly as the reassurance many search before investing will have been given. So expect a decent rise on PCSD approval, as for next year...put 1 hour aside and go back and read as many posts as possible...theres been some very good posts on potential valuations...

One estimate is for the single shipment contract of 350,000Mt is...

With nickel rate at $5/lb(less costs$1.3/lb)
total equity annual cashflow of $14.4mln. TMC's share is 56.1% = $8,102,000 pa for the next 5 years. Covert to sterling @£1.70, then £4,602,000 cashflow pa. Based on 15.2m share EPS would
With a conservative PE of 12 then share price of 361p.

So when you add the additional direct shipping contracts it could be alot higher, also no consideration given to Celestial licence which is est 70Mt(40% explored), if after the diamond drilling to firm up resource goes well, we could be looking at another Berong, as the Saprolite content could be just as good for direct shipping also...so in summary the potential is huge, a £10 sp will still only give mrk cap of approx £150m....which isn't high when you consider the assets...