insight into profit analysis: offtake shipment, page-4

onya boomer55

still a tad confused
do you know what contitutes smelter charges?
does it include all costs at helleyer site???
why would the purchaser deduct helleyer costs from his payment?

calc
50% of 5kt = a$2.68m (100% of payment)
annual 65/5 * 2.86 = a$35m

this agrees with previous estimates of a$70m annual for j.v. but confused about why costs deducted from payment

inl as a co has costs outside helleyer however
if above is correct , with other techno & BSM prospects inl is well undervalued


to be or not to be this is the question