This looks pretty good, low CAPEX and quick return or I'd say great margins.
I very happy with the funding they have now, $10Mil and $20Mil for the construction - that's 50% of the project.
Lets say we produce 2Mil tons /year and say OPEX is $19/t and we make only $21/t ($33/t in presentaion) = $42Mil profit before EBITDA or 8c/sh. That's brilliant return even if we make only $21Mil/y.
Ann: CEO Presentation at Noosa Mining Conference-MMI.AX, page-2
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