Hey mechanic, the Announcement " Helikon and Rubicon stockpiles Upgrade to Mineral resources" stated there were 0.27 million tonnes of indicated stockpiles at Rubicon these were divided into 4 stockplies of varying degree of LiO2 concentration starting with 0.6% and 2 stockpiles of 0.9% and 0.96% respectively and a more beneficiated stockpile of 0.02million tonnes at 1.38% LiO2 apparently the former owner used some form of Xray sorter. However the first mention of selling these stockpiles was not until the quarterly announced on the 26/4/2023, if it was announced before then I can't find mention of it.
I know at the time of the quarterly I saw a report that unbeneficiated mica ore out of Africa was being sold for $400-$600 tonne, the report indicated that there were plenty of buyers at that price. I don't know what the beneficiated stuff is worth but should be considerably more than that. Even at $400/tonne 0.27million tonnes is $108 million However I think there is a 2% royalty and Namibian corporate taxes are at 37.5% .
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Ann: Chair's Address to Shareholders, page-37
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