What a year, page-98

Lots of heated speculation here again just like the gold deal. To be honest I am unsure why management wouldn't consider keeping a % of this thing. I have just done some calculations and if we proved up 25mt which although may not happen it is a definite that our resource is going to increase..Just for a bit o fun lets use 25mt with a big 2 mtpa processing plant. The annual numbers are huge.

2mt pa = 533,000 tons @ 6%+

900US per ton -$350* opex expense $550 pt * 533,000 = $293million+ per annum US . These are back of the envelope calcs, but I think I've tried to be very liberal on the expenses side.

Even holding just 20% and giving the Mali government their 20%, leaving 60% for our partner, who pays for the processing mill . Jeez the numbers are huge. Approx. 90 mil Aussie$$. We could copy NMT 's model.
If we then kept the rest of our land in order to find more pegmatites that kj already knows exist, we could expand the mine, bring in another needy partner and shiiiitttte the $$$ just keep rollin in.

Something must be terribly wrong with my calcs, but if they are near to being correct, I cannot see why we would sell the asset for what some of the people are speculating [70 cents to 1$]

yep I guess we will all find out