Just to add to yesterdays post, if they only ever mine the JORC resource 4 Million Tonnes @ 8.1% and run the plant at a production of 20k tpa theres a mine life of 16 years. But they are talking 25-150 million tonnes potential.
I know the market is small but it is growing and they could put in additional plant if the market was to expand more rapidly.
From memory the plant was paid for by Pittson Minerals back in the early 90s at a cost of $14mil.
There seems to be quite some accumulation happening at present. I wouldn't be surprised if they are getting closer to a deal.
I would actually like to see SER go it alone and use the cash flow to progress some other projects.
cheers
fc
PS I too might get my numbers mixed up a bit at times so it is wise to DYOR
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