Ann: Good Metallurgical Results from Makuutu Eastern Zone, page-61

hi Brahms,

I get the point that there is an opex cost to extract.
the in ground value of 1T is approximately 35usd which is the basket price.

once you start talking about recoveries and concentrate you're now moving towards computing the concentrate value.

the fundamental principle of mining is determining how much can I sell my end product for and how much will it cost me to extract.

In regards to the opex this is what the scoping study will determine. I estimate 6-8usd/kg opex. this is because biolantanidos opex cost was 6usd. it is half the grade. so almost half value in one raw tonne.

I expect profit margin to be 20usd but let's see what the scoping study comes back with.

Chinasyndrome is trying to portray the concentrate revenue at lower than it is. imo

sf2th