looks good punters, page-23

Greendevil, nice post. Can you share a more in-depth version of your calculations?

Just a few questions:

Where do you get the CAPEX of US$1Billion from, any references to back up your claims? That's extremely steep for our purposes. Is this just for open pit or including underground? I think it's going/has to be much much cheaper.

Also if it is US$1Billion, how do you suppose that we get that much money? You can't raise that much capital from a market cap of $100Mil.

Also, I've only calculated operating costs for LC to be less than $2k/tonne raising profit margin to be well above your $2.5k/tonne.