ban wagon, page-7

thanks bionic boy.

Spoke to brian, interesting.

While they are not aloud to say how much in forward sales volume,

apparently the fine print is in previous announcements,

they have a mining lease on 3 sqaure KM, with a resource of 15 MT on this, which they expect will last 50 years.
(They have a 90 sq km tennament, so plent of upside of reserves)

So you could infer that a ball park estimate is 15/50 MT pa= 300,000 t pa.

At 46 dollars per tonne, puts profits at 46*.3 mill = 14 mill.

This is only a ball park estimate, and would therefore be only in the right order of magnitude.

MC 30 mill? comsec.

Current PE of 2 on roughie.

gut feel was that there was more upside to the fineprint, insomuch as possibilites to further expand, demand for the product goes from cement filler, to arrid land recovery, and about 2000 other uses.

What impressed upon me, like MAK, was extremely low capex, about 200K.

Plenty of reserve, upside, only question to what times scale, and if to when, expansion capacity is structured or implemented.

Hope this helps many as I was much in the dark on this one before this phone call.

cheers.