Great day.
At $ us $4.2 my spread sheet indicates an EBITDA of $au70m processing 1mt of ore with a grade of 1.9%cu equivalent and a recovery of 90%.
At the 2.5mt estimated plant capacity with the same grades EBITDA jumps to $195m.
Lets hope Lachlan can get the mine development debt funded and get on with discovering the necessary reserves to get that big old plant working at full capacity sooner rather than later.
If all goes well those tax benefits will hit the books very soon.
Ann: Appendix 2A, page-54
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