105k of ore is 1/5 of the 500k that gives them a $40m ebit, so can presume ebit of $7 - $8mil for the 105k
Don't forget that the tailing processing in mid 2011 is only the begining of the game. All they want to do there is realise enough cash to help pay for the gold plant and get ahead on the tailing store for it.
They have said that the tailing after treatment for zinc / lead will be stored seperately so that its easily accessable for treatment through the gold plant when its available.
BSM Price at posting:
33.1¢ Sentiment: LT Buy Disclosure: Held
