$77m pa was conservative in my view for the DSO. So lets get even more conservative for discussion only.
If we base all incosts at a total of $180 tonne, then using very conservative pricing of $276 t spot phos = $96t margin. 500k tpa x $96 = $48m pa. (US $) The payback on this will be lightening quick. If the NT Gov give them a grant, why not? will give jobs, be a big tick for the Gov also. Whichever way I look at this i see $$$$.
The management actually know what they're doing, they are exceedingly well advised also as some here will know. So $30m cap starts to look pretty damn cheap however you skin this. DC
AEV Price at posting:
1.4¢ Sentiment: Buy Disclosure: Held
