Ann: Peko Project Progress Update, page-46

Hi Rocket,
You are very bullish on ELE, but we do not know the margins as yet? as you stated below..

Where have you seen the excellent analysis of the Peko Project, it certainly hasn't come from ELE. There has been no feasability on costs ie rail, road and sea. No production cost analysis that I've seen.Thats one reason I want to see the Financials after a 6 month period, as its all guesswork so far.

But there must be indications that you are so possitive.
Is it straight forward as it looks; shipping of estimate 500k p/a high grade 65%+FE
The costs can be between 50 usd - 100 usd per ton...and rest will be margin?