I think there are a few fakes in here. I sold out mostly this week but kept a little interest for the bottom draw.
Have a look at POS and their release for Windarra (350km north) on 22/06/2020 which details tails re-processing costs & calcs. I think you are missing the metalurgical recovery in your calcualtions which considerably reduces your calcualtion on Oz. Also take into account the Cap costs if the plant nearby isn't suitable for the re-procesising works - this is the biggest unknown for me, if they have to buy in plant then there's barely any value.
RDS Price at posting:
2.0¢ Sentiment: Hold Disclosure: Held
