Doing the calcs on the Polish DBM agreement and using previously...

Doing the calcs on the Polish DBM agreement and using previously announced information the 20,000T of DBM will require mining 60,000 t of rock.

60,000T @ 80/20 fines/rock = 48,000t rock Raw to DBM is a 2.1-2.5 conversion.

However on a EBITDA front the 20,000T is equivalent to selling 300,000t of DSO which would require mining 375,000.

Just the Polish offtake has the potential for a EBITDA of $10-15m and can fund/justify the mine so is a significant first step.

DYOR IMO