Ann: HoA for exporting 500,000tpa of magnesite, page-32

Hi guys I'm in.

I know there have been a few false starts here but this is project, price wise is starting to look increasingly healthy.

The current PFS used US$80 per tonne and an exchange rate of US$0.82.
I believe the price for the grade they intend to produce is currently priced in excess of US100 per tonne and coupled with a lower exchange rate of US$0.76 you would think the economics must stack up even better this time around.

We shall know shortly.
GLTAH.
DYOR.

Jim.