Hi Kp1010,
Check out the BMI's margin for Balama, then read the companies ASX announcements,
When have they ever made US$550 per tonne profit margin?
Its pretty obvious that they have just used the figures from the DFS, they didn't even bother to validate the prices claimed by the companies. WKT figures from the flake distribution is significantly higher than the current market prices.
Good luck KP1010, Your going to need it.
Ann: Corporate Presentation, page-61
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