Ann: Potential to Extend All Three Boorara Deposits, page-6

Just a correction to my post above

I am assuming a cash profit of $300/t which gives an overall profit of $150M for the first 120m's ... that should read $30/t not $300. It refers to the profit per mined tonne of ore.

How I get that number is the trial pit returned a cash profit of $10/t for $300,000 profit.... however in that the Co had an unrecognized problem of clay mixed in and had they known that before processing they very likely would have doubled the cash profit. Also the transport to the mill was 70k's .... something which not be factored into future mill costs.