mt carbine negotiations win win status update, page-29

http://www.asx.com.au/asx/statistics/announcements.do?by=asxCode&asxCode=iii&timeframe=Y&year=2008

refer to 5/6/08 Replacement Disclosure Document: Renounceable Rights Issue.

Re: Tungsten; page 12 section 5

note: I think we need a decimal point somewhere in the quoted $235/mtu....because one mtu is described as 1% of one metric tonne...if i'm not mistaken.

Going on ~US$200/metric tonne, however,
and using the quoted Resource Figures from Mt Carbine resource Clarification (same link above)...
I get (corrections welcome) the following approximations.

Tailings 1.6MT @ 0.11% WO3 = 176KT WO3 = ~US$35M
Pit 1MT @ 0.1% WO3 = 100KT WO3 = ~US$20M
U/G 9.6MT @ 0.2%(recovered?)WO3 = 1.9MT WO3 = ~US$384M

Half a billion bucks worth of metal, for a 3-4 million junior (and partner/s???)

Get the Mill, Get digging, Buy out the Quarry, then get someone else to pay us (shareholders) to fill it all back in with waste (sorted for suitable quarrying product of course). Of course the Mill can keep processing 'insourced' ore, delivered by the empty trucks which continue to roll in to Mt Carbine.