mother of all intersections, page-13

Initial mining study on Jabal Sayid (50% JV) plans for:
2 to 3 Mtpa,
Producing 45kT to 60kT pa copper (99m - 132m lbs) Copper @ $8500 tn, Opex 0.96c lb = $95m - $126m,
Income $382 - 510m less opex = $287 - $384m
CGG share $144 - 192m pa.

Tax?

Capex $300m, Is the JV funding any of this?

MC about $385m fully diluted.

Assume capex is half debt and equity perhaps, so dilute $150m, MC to $535m add in costs up to production ($5m a quarter) incl current BFS $60m ish through another raising, MC dilutes to about $600m.

Cash in the bank after raising??

Pretty broad but just on Jabal Sayid income of $150- 200m pa, smack a pe of 10 on it and it might be worth about $1.5b - $2b MC. Current forcasted pluck MC of $600m. So, looks cheapish.