An interesting announcement. What is this thing worth?
Estimates are a potential resource of 25-150 million ton at 6-9% Even at an average 7% and using $1000 gross P/ton the gross value is approx 1.7 Billion dollars-10.5 billion dollars.
How would it be valued. I know the mine life would be extensive even at production rates above 20mtpa. Could be a great cash flow source. What would they get if they sold it outright. The plant cost about $14m to build years ago and then there is the value of the resource.
Will be very interesting to follow these events.
Looks like an excelleny buy IMO
fc
An interesting announcement. What is this thing worth?Estimates...
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