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I agree on proofing although I'm not certain what you mean by...

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    I agree on proofing although I'm not certain what you mean by revenues being dwarfed by expenditure? Are you referring to the Opex of $167/t that was stated on here as a mistake the day the DFS was released?

    If so I've done some numbers below:

    Total LOM revenues ~ $27B

    Vanadium - 17,560tpa x ~$22,000 x 17 yrs
    Titanium - 236,000tpa x ~$4,000 x 17 yrs
    Pig iron - 637,000tpa x ~ $400 x 17 yrs

    Total LOM expenditure @ $167/t mined ~ $15B

    3Mtpa x $167 x 4 yrs
    6Mtpa x $167 x 13 years

    Operational cash flow stated as $13.6B Lom or ~ $800m per yr

    Net cash flow stated as $11.6B or $680m per year

    Numbers above align with the stated ranges give or take margin for error in pricing.
 
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