The ore included in this reserve estimate does not include the "at surface material" for Yarrabubba" and the proven category is 1.1 million tonnes at 0.96%.
There is a mineral reserve estimate due inline with the bankable model which will blow the above numbers out of the water.
The life of mine operating expenses will go down significantly. and the average annual EBITDA will increase to slightly over $200 million depending if they include the down stream forecast electrolyte sales.
I am currently working through the numbers myself it is just taking me a bit longer than I hoped.
I suspect Yarrabubba can also be extended from 9;5 years to over 20 years and fill in the production profile significantly.
The numbers above are a worst case scenario
TMT Price at posting:
27.5¢ Sentiment: Buy Disclosure: Held
