creating value for shareholders, page-12

hi tokyo,
as you might have read the in-ground value is around 750M AUD$. Right now, a realistic value would be around 10% of the resource value as we can't mine it yet, so i would say around 75M AUD$ to be a reasonable figure for it.

Once the WA government change their mind (maybe this year), the real value could be realised in a short amount of time, since the resource can be dug out easily due to its shallow nature.

I suppose it wouldn't take long until all preparations are met (Feasibility study, mining operations, etc) and i assume MXR would end up with a total revenue ( after tax and mining costs) of 400-450M$.

Anyway, just my thoughts, but there is a lot of potential in this resource and it's nice to already sit on it for any future changes in the government sentiment.

Cheers