NTU 7.14% 2.6¢ northern minerals limited

Ann: Mines Money Hong Kong Presentation - 20 Marc, page-2

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    re: Ann: Mines Money Hong Kong Presentation -... Based on the values contained in the presentation a calculation of the value of Brown's Range HREO mix is around $270/kg - for a tonne of 33% concentrate or 330kg of HREO this converts to around $82,000. It is probably higher as there a number of elements that are not included in the calculation.

    Milling costs seem to be around $8,000 per tonne and assume mining costs conservatively similar [as this is mined from surface] total cost of concentrate around $15,000/tonne.

    Even at 40% contained value of concentrate this should return $15,000 per tonne concentrate or at 9000 tonnes / year around $140 million.

    Not too shabby for a market cap of around $100 million.


 
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