Ann: Quarterly Report and Appendix 5B , page-6

I don't know, but there's only one way to work out an NPV.

bear in mind, having from the quarterly's and Annual from late 2008 - that was scaled down version. 450tpa for 1180t concentrate

They said the larger project (the real project before GFC) was to about 4x larger in production. and cost about 3x more in capex. 4000t concentrate and $150m capex

so... making a few assumptions

on the larger project you get $35-50m NPV

also, bear in mind, in late 2008 they said while Watershed is a larger enough size to be globally significant, they wanted to get the cash cost below US$150mtu to make is globally cost competitive. Their studies were about US$165-170mtu

would some one be interested, sure, but it's not hundred of millions