Loser I think you're a little of the mark with your calcs. The...

Loser I think you're a little of the mark with your calcs.

The announcement states revenue from Phonsavan project as being between $US200- 300 million.

My calcs are below:

Gold: 20,000ozpa x $1,500 = $30M
Copper: 25,000tpa x $8,317 = $207,925,000M

Estimated Total revenue from Phonsavan project:
$237,925,000

Note I've used the LME Asian benchmark Copper price (17 September) for Copper as at I believe Copper supplies will continue to be constrained moving forward, putting upward pressure on the Copper price (until at least 2020). For this reason I see the current price of Copper as being relatively conservative.