NIU 0.00% 2.0¢ niuminco group limited

PG 8 Directors report from the annual says 1,300,000 tonnes @...

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    PG 8 Directors report from the annual says
    1,300,000 tonnes @ 0.3% tin for 3,900 tonnes of contained tin at 0.2% cutoff or 5,200,000 @ .2% for 10400 tones @ cut off 0.1%

    and

    800,000 tonnes @ 0.33% Tin for 2,640 tonnes of contained tin @ 0.2% cut off... Others JORC Tonnage options not materially different.

    There is some other information there, and these are from 2012 JORCS... However totals ~6500 tonnes or 13,040 give or take.

    So based on the prices above, its either $141m-$284m. I can't remember seeing any estimates yet regarding capex to get this mine up and running and the cost of operations. Real basic imaginary rough up of some numbers, take the mid point of those two numbers $212m, @15% ebit is $31m our ownership (75%) of that number is 23m before tax and interest payments.
 
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