Ann: Mt Ida Drilling Update, page-34

Many Retails are just not using the brain and calculator, instead looking at twitter and HC and other media social. No wonder many failed with their investments. Anyone is serious enough should just use calculator on their computer or mobile and calculate this.
PLS and LTR showed with 70 recovery rate, 1 Mil ton ore body is producing about 175K SC5 or SC6 concentrate. Now we have 12 Mil ton confirmed at Mt Ida. Here are the calculations just for source of thoughts:
1) Let us assume we want to export 350K spod per year, it means we need to use 2 Mil ton Ore from Mt. Ida. From current average spod price, I assume very conservative net profit (after cost and royalties) = US2000/ton.
This gives us 2000 x 350.000 = 700 Mil US. Using conversion US to AUD = 0.70 cent, I get 1 BILLION.

2) Using the above rate, we are using 2 Mil ton ore and Mt.Ida has 12 Million resource. So we can produce 12/2 = 6 years from Mt Ida with total profit of 6 BILLION AUD...

3) That profit is more than enough to build Yinni and start production from Yinni.

Again, in investing world, do your own research properly, use the data/numbers available and then use your calculator.

All my opinion only and not financial advice.