Ann: MGU progresses towards DSO, page-95

This is from Richmonds (RHM) BFS back in 2013 when the price of Iron Ore at US$110 now its around US$180 U.S. dollars per dry metric ton unit (dmtu)
So we maybe can expect $US818million for the first 10 years so with 550m shares on issue (fully diluted) you can see the shares will be earning circa $1.95 per share!

"Capital cost of US$161 million;
- IRR of 41% (using a conservative average FOB concentrate price for the initial 10 years of US$110);
- Average annual high grade iron ore concentrate production of 1.75 million wet metric tonnes grading 67.5% total iron, with very low impurities over an initial 10 year mine life;
- Free after tax cash flow of US$476 million from the first 10 years of operations"
Rough calcs!!! All IMO only