qol serious cash flow issues, page-6

Dreadfully sorry about the faulty arithmetic.

Presentation of 29th May 2008 showed following:

Wolfram Camp Project
Project Economics (continued)
•
Produces 60,000 mtus WO3 and 250,000 lbs Mo per annum on average over 4 year period
•
Total annual value of product A$20.2 million (at US$182 per mtu WO3 and US$28 per lb Mo, exchange rate of 0.90)
•
Average annual surplus cash flow of A$9.0 million

Suggest changes in metal prices offset by favourable currency fluctuations.

If grades run to expectations and plant settles down (we have been encouraged to believe that the plant is coming good, but I have no info on grades achieved) - then these economics must still be about right??