does any one have any idea, page-26

OK

the numbers are starting to improve here

SCENARIO 1 (possible)
1. 60mt oxide resource
2. 6mtpa oxide mining operation
3. capex $100m
4. opex $1.25/lb
5. produces "copper cathode" therefore no smelter costs
6. share price target (at current metal prices) of $5.86
7. then GTE cash from profit is used to build an sulphide plant

SCENARIO 2 (dreaming)
1. 100mt oxide resource
2. 10mtpa oxide mining operation
3. capex $150m
4. opex $1.25/lb
5. produces "copper cathode" therefore no smelter costs
6. share price target (at current metal prices) of $8.59
7. then GTE cash from profit is used to build an sulphide plant