WTM 5.17% 30.5¢ waratah minerals limited

David Flanagan giving BAT a kick on Twitter, page-2

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    Note the improving margins over time.

    E87A3277-7CAB-4457-89A1-9D21F2219055.jpeg

    Additionally payback period for the Montepuez project is < 2 years ( production starts 2019 ), so presumably before the end of 2020.

    Payback period on the Balama Project is also < 2 years ( production starts 2021 ) with payback analysis supported by a robust sensitivity analysis. See Appendix 3 of the Balama scoping study:

    https://newswire.iguana2.com/af5f4d...4293/BAT_Announcement_6A874293.pdf?download=1
 
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