Ann: Wilcherry Hill Project Feasibility Update , page-7

re: Ann: Wilcherry Hill Project Feasibility U... >>Likely FoB Sales = AUD $110-$125 per tonne.

Start up FoB Costs = AUD $55-$75 per tonne.
Start up Freight Costs = AUD $35-$40 per tonne.

Worst case cashflow prediction:

Sales = AUD $110 per tonne
Costs = AUD $115 per tonne

What am I missing?

Stagman <<

No- expenses in full are 55-75, sales at worst 115. Profit = at worst 40 mil in Year 1. I guessimate 60 mil av in Year 1. Over 120M yr 2.... Over 120 mil Yr 3 then 4-6 MT next of mixed Iron.... Then it a $200 pa profit company. Then being a billion dollar company MC wise between the 2 companies of TRF\IFE- not individually unless one takes the other over...

Well that the plan.

Cheers Jay