lol doncha just love it, page-15

mls target 2mt and 30cent target Reasoning:

In ground value @ $4000/t zinc @ 2mT(140,000t contained) = $800M AUD

Assume simple ore offtake agreement to minimise on capital costs (say to golden grove) i.e. sell the ore straight? Capital cost roughy $50M as open pit

So $750M

operating costs per pound - say 40cents ~$90M

So $660M

Less tax $462M

Divide it by 2 to discount for time value till production

= 231m

Less other items not foreseen by this calculation= 30m

= $200M

No. of shares on issue = 200/669 = 0.30

30 cent target at around JORC stage as i have clearly allowed for time value by dividing it by 2. remember its open pit so it can come out of the ground easy