Ann: Spargoville 5A Bulk Sample and DFS Update, page-12

Let me layout a bit of calcuation in my head.

CD mention 24hrs trucking for samples (anyway it done and dust)
Cost for trucking.
- $170 per hr (30 tonnes truck)
- 124Kt of dirt to glencore
- 240km distance (6hrs per trip)
- Total 4150 trucks required for delievery
- Total cost 4mils

+ Wastes management (not mention yet)

profit from samples
Jan-Feb LME price ~ $US26000 = $AU37700

Say give and take with Glencore 60:40 (G:ESR)
-2370NiT gives $90mil (based on Jan price ... i assume there isnt much changing in price)
-ESR profit at 36mil
- take away everything assuming wastes and labor another 10mil

20mil for works of 1.5months ... i bow to CD for this move.
Not to mention this is trial.... so what on the table isnt disclose here could me bigger piece of cake.

Now assuming if price goes above 2c..... money flow from options.