Ann: Investor Presentation Perenjori Premium Grade Iron Project, page-19

At 193 Mt 36% Fe, this project ran into the billions in NPV and was economical.

now we are targeting 800 million to 1.2billion tonnes Extra.
The Npv therefore can be multiplied 5 times that.
A 43 year mine life is huge.

the Opex is around $80 Fob, the sale price is $210 fob.
High grade Magnetite gets far more

at 10Mt annually and a 43 yr mine life, the capex would work out no more than $20/t
Hence $100m/t

Vlad wasn't exaggerating when he compared Perenjori to the likes of FMG and BHP

The project is too big to go unnoticed for too long. I agree with bungy that this will be a TO target at some stage.

Although I'm reluctant to express my excitement, the numbers are there for everyone to see. This is an advanced project. It was not discovered now. The SS is done and we have confirmation of off-take discussions. It really doesn't get better than this but regardless, peeps buying should have a risk management in place. Dyor, I've done a fair bit. It's all there if you search Quest minerals. Glta