Cancana Resource Corp

Roumieu,

50% of a 100kt pa mine @ $200 net margin/tonne gets us an EPS of 50c per share based on the current float...... or say 35c per share if the acquisitions take us to 32m as the calandra article suggests.

At an industry standard PER of 8x for a producing Mn mine that will give us an SP of $2.80 as soon as the first ramped up production month happens.... my guess (assuming we close the acquisition soon) is that July will be that month.

Technical charts are useful but cashflow will drive the algorithim here...... as soon as we get this deal done!

P