135.50 and raising, page-53

Hi (haemitite)

Again I say that SDL have quoted 2 years and 3 years to pay back.
If my maths are right,3 years at 35Mt at a cost of $70 and sell price of $120 brings in $5,250,000,000.

If we say $30 cost,SDL are saying around $22,and a selling price of $120.Again if my maths are right.
That would be $9.750,000,000 in revenue.
Even at $100 sell price per tonne that would be $7,350,000,000 over 3 years.

We have to remember that the Cameroon and The Congo Governments have stakes in the projects.
The pay back would be a combined SDL,Partner if in Joint Venture,and Governments paying back the cost.

Regards
Westcott.