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