AGY's 245,000 ton s is good for a 15,000 ton a year mine life 16 years and at todays prices USD $3.6B before costs/tax and 10% to partners. Well over $200m AUD a year. Plus they have only drilled to 100m and open below. If we break 1m tonnes we have plenty of options sell part to fund Plant Ponds etc but 500,000 tonnes would be a pretty comfortable resource to build a company with.
General Discussion Banter GLN, page-553
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