Ann: Preliminary Conceptual Modelling & Economic Analysis, page-46

That is true peak..

But those costings were done before the feed study, and before the feed was to be released (that was going to cause a re-rate, according to Andrew). Then they didn’t release the feed.. instead did a new feed on a larger plant.

Does this mean that the numbers weren’t as good as originally thought?? And possibly bad enough to change direction toward a bigger plant.

Again, just like with all of this stuff. No one knows, as they won’t release the numbers and no one can try and speculate on potential income, they still haven’t released MIN’s royalty figure. Which means only 1 thing. That everything is STILL theoretical to investors.