Ann: Proposed issue of securities - XAM, page-24

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    The project is expected to produce between 60,000 to 80,000 tonnes of copper and 165,000 to 170,000 ounces of gold annually, with a four-year payback period…. Now multiply that out over 29 years… then take out circa $900m to open the doors.

    anything under 20c is simply silly.
 
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