Banter and general comments, page-16210

What we know to be real. And this is real back of the envelope stuff. You need Kiwi or Brumbie for the detail.

LOM 12 Years.
178000m Tonne / yr @ approx $6000 = $1 068 000 000 income
Cost to extract approx $500 / T = $89 000 000 Cost Double this for fun and a bit = $200 000 000 ( I like safety)

Profit = $860 000 000 / yr as it stands.
Value x 12? x 10?

What we would like
LOM to increase to 30 years
Production to double

It is also interesting to see what a company that is generating close to $1 bil profits, with no debt, what next...

You can do the maths if the wish list pans out.

The best thing about this holding is that we limited the shares to 2 billion on issue, almost 1/2 PLS on issue.

GLTA DYOR IMO