Ann: Mining Conference Presentation, page-2

If I read this correctly.

Market cap is $11m at 3.6c
Capex is $2.5m
Most approvals already progressed.
DSO will be profitable (from past reports)
CCM and DBM processed off shore, calcs include cost of processing.  Calcs for potential gross profit:

"assuming 1st year tonnages suggested by trading houses and end users (reported to ASX 16 August 2018) of 300,000-600,000 tonnes of CCM and 150,000 to 300,000 DBM the potential gross profit in the first year (based on selling prices provided by potential offtake partners as originally reported to ASX on 31 July 2018 and 16 August 2018 and after deducting costs of quarrying the rock, crushing, sorting, handling, haulage, shipping, and processing which were estimated on the basis of quotes and information provided by contractors and end users) is as follows:
• CCM at 300,000 tonnes: $40mln to $50mln at currently quoted prices
• DBM97 at 150,000 tonnes: $110mln to $130,000mln at currently quoted prices
• DBM98 at 150,000 tonnes: $180,000mln to $200mln at currently quoted prices"

Don't forget, these figures are just for the first year.