Ann: Extension to Voluntary Suspension, page-50

Not 500b, 300b... Be reasonable..

How do we get that? Do the maths

I don't have time to tell you everything but let's do some basicas

10mpta costing 300 and selling 3000 (half the price) = 2700 us margin

10m tonnes = 27b ebit

Mine life is ridiculous with 400m already defined, so let's give this a p/e of 10 = 270b ebit.

Very basic maths. Yes it's missing ownership but it's also being conservative on p/e and selling price and monopolistic opportunities (the next opec?)