fundamentals of the abu dabbab project, page-4

Copy of my post Advfn.

Joan of Arc "The most recent contracts for Wodgina tantalum were reported to be US$60 per pound (just over US$130,000 per tonne)." Before attempted price hike so gip would get that at least when they start producing probably more as supplies could be running low by then. Plus 25 percent extra for the SynCon.

Then times that by 660000 to start with and they would be looking at early expansion if they got a partner. Plus alluvial tin, "Based upon the present tin price of US$11,500 per tonne, the scoping study indicated that the alluvial tin has the potential to generate an additional US$8.7 million revenue during the one year it will take to process the material and in doing so will generate a net cash bonus for the overall Abu Dabbab project of approximately US$5.1 million during the first year of operation."

Then the normal tin "plus approximately 1,500 tonnes of tin metal per annum." at the same price say.

I have run out of fingers but seems a lot of money to me and that is not even counting the feldspar from the second phase so i hope no one will get it for a song! As for Seymour Pierce good ridence.

Robert