Look at the RIDICULOUSLY LOW L/T project metal prices used in their study
Au USD 400 / oz ( now 653)
Pt 800 (now around 1300)
Pd 180 (now around 370 !!!!)
I havent bothered to look at the Vanadium and titanium.
Personally ONLY basing my reward / risk on the 6 mill ozs GOLD inside the core. If u used only AUD 50 / oz EV even, PGM would be 10 bucks a share on this alone !!!
What IGV for the Gold do you use at AUD 770 /oz now spot? What will u use @ spot Gold AUD 1000, 1500, 2000 / oz?
They even give us est mining costs for a large project bless them.
Shiite stop me now please, I'm seeing a whole fleet of Med cruisers with this. Praise Zeus I dont get too easily excited these days ....... except when I see those beautiful bronzed nymphs on the beach haha !
IMBOOC
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