Run these numbers at A$33k/t, they’re big. Post tax is equiv to pre-tax too really given the tax losses they’re sitting on. I’m also a believer that when they do more drilling out of Bell50/Area5 and bring a big chunk of that material into reserves and into the LOM we’ll be talking a much bigger, higher margin proposition.
Net cash + con note + Wingellina + Rentails + Renison = $$$
Ann: Reinstatement to Official Quotation, page-88
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