Something i cant get my head around though is that the Capex for...

Something i cant get my head around though is that the Capex for the 1.6 million TPA is pretty large , obviously its a large operation and shows to be very viable , but how are they going to get the Capex down so much for the early DSO for 500,000 TPA , im assuming that becuase its a higher grade from surface that less beneficiation rewuired which should reduce Capex ?
And maybe they will rent the eqipment for the smaller operation whereas it looks like they are buying it for the 1.6 million TPA operation ?

The beneficiation plant cost is $96 - $200 million , so obviously they either dont need it for the 500,000 TPA or they rent it for a few years .?

In the scoping study operating coasts are $44 -$90/ tonne
Mining operation costs for concentrate $14.14-$29.38 /tonne .

So if we take the higher end of both we get $119.38 a tonne ,so at a concentrate price of $159 a tonne thats $39.62 a tonne profit or on a 500,000 TPA operation thats allmost US$20 million a year in revenue pre tax , which isnt bad and thats using the highets costs they have specified , throw in a P/E of and Magnum looks pretty attractive .

Would like to hear your thoughts on these numbers @RMInvest