Ann: Coburn Mineral Sands Project Zircon Concentrate Price, page-5

Well done 2ic. I'm glad I was open to your input! .

Thanks for asking the penetrating questions. This is a good result all round - supports your credibility while also reinforcing similar for STA.

But, even if you hadn't been proven right, I think it's still valuable to this thread to have some challenging posting. Hotcopper's a bubble, it needs popping from time to time.

On the ratio, prior to the new DFS, it's always been solid but not really threatening to get to first quartile. 1.7/8 off the top of my head. The value of the HMS complex hasn't exactly changed so to me that highlights the impact of technological improvement. Ie Luke's picking up 20-30% improvement off the back of a decade's advancements to overcome the low head grade. His own expertise and experience are a factor in that.

Note the ratio at Coburn will be the lowest in STAs suite. Luke's picking the eyes out of Tanzania and I reckon will sustain the higher level already sitting in Fungoni.