Because the net profit will be so much more once we get up and going. Just on the tin alone, we have ATM 50,000 at say $20k per tonne with $12k cost, it becomes:
50,000 * (20,000 - 12,000) = $400,000,000*
*Based over 10 years.
That's over 5 times the amount you suggested, and there is a lot of upside to the story. We have 10% in a base metals operation, mines that are open for exploration, etc.
:-)
Btw, the 3-month tin price dropped overnight, but so did our dollar. I calculated it to be still sitting over $21,800 per tonne. As I have said before, the drop in the dollar will be significant in adding value to our operation.
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