new target, page-44

The new target is $5.250B per annum, this is what the first year of production is worth at $150 per tonne. This seems worth a little more than $1.4B that hanlong has offered.

$65 per tonne is the value that has been used for forcast. It is widely accepted that $150 is to be more within the realms of probability for IO prices in the future as it is now.

35MT per annum = $5.250B then upgrade to 100MT per annum = $15B who would not offer $1.4B for sundance.

Everyone sit down have a cuppa and think about what this resource is potentialy worth with so much yet to be proved up in the future. And what a real offer could look like for 100% of sundance.

I for one am still leaning towards a JV with the likes of Sino.

Hanlong .50c = nice try!