Ann: Drilling underway at flagship Collerina project, page-3

Yeah , head spin !

I'm not sure if anyone has done this exercise before but just to put things in context ....at present too small for standalone so I'm assuming trucking a 200km (plucked out of the air) distance to some plant .Others may be able to point out where the nearest plant actually is .
Lets say (guess) copper in ore is worth $6000 / tonne .(Deductions for concentrating and refining .)
Let's say 11c per tonne per km which I believe is about right .
So cost of trucking 2mt 200km is 200 x .11 x 2000000 = $44 mill .
Value of ore (at present ) is 40,000 x 6000 = $240 mill
Cost of mining of course but worth not forgetting that there is a deposit here with some value that will I'm sure be mined ,( whether standalone or trucked ),some day .
Many deposits are not but this grade seems too good to ignore and hard to imagine it staying in the ground indefinitely .