Ann: Goldsworthy East Development Update, page-12

It's been said that the BOD indicate that GW East could be 450M tonnes (so absolute monster)

So let's assume a 30 year mine life?

That's 15M tonnes production p/a...

At a conservative $50/tonne AUD profit margin (similar to Fenix's high grade product)

That is $750,000,000 profit p.a. just from GW East..

Never mind the other 25 potential IO mines they could develop...

At a conservative 50% dividend payout ratio that's

$375M distribution.

If let's say there are 4.5B SOI after options are exercised.

That equates to an 8.3c dividend per share.

Those with a few million shares could have a lovely passive income soon enough.