Correct me where I am wrong pleaseAdding all of the resources in...

Correct me where I am wrong please

Adding all of the resources in tables 1 to 3 of the investor preso in December we get

3.9 mt
3.9
3
1.1

So about 12 mt if and only if that is firmed up

At 1.5 mtpa production is 8 or so years produciton (plus underground opportunity plus irvine) realising also there is a ramp up from the graph in the preso.

1.5 mtpa is for 8 years at a (magic wand here) PE of 5 voila going a bit lower on the PE noting comments about resources and PE linkage above.

soooo

5 * 1.5 mtpa * $40 profit/tonne say (badfish said 45) = 300 m MC

about 5 times now so about $1 SP if (and only if) those resources are firmed up and IO stays at say $110/t

Rough as guts but tell me where I am wrong. I know its not an NPV calc which has been done.

Imagining we can get the 80 m tonnes, very exciting, I wonder what cap to move it at say 2m or more tpa? any ideas?