bioheap, page-6

re: nomennescio more info I am afraid that yet again the sellers are mounting up for FXR. It appears us long suffering shareholders will suffer some more.
Nomennescio, my comeback on bioheap is overdue and my workings are scant however I see something along the lines of the following:
Agree on resource as follows:
1.32 mln tonnes Radio Hill @ 0.72% Ni, 3Mln tonnes Mt Scholl @ 0.61% Ni gives payable Ni of 27800Mton approx, at 0.75% = USD290 million (USD14000); add 400,000 whundoo @ 2% Cu gives 8000Mton of payable metal @ USD19.5 million (USD3250/Mton), and don't forget some revenue from the Cobalt (4.32Mln t @ 0.025% = 800Mton payable metal x 75% = USD15 million)
Total revenue USD325 million. Seems absurd - but possible. However as it will take a number of years to get through it all you would need to look at downside on metal prices so if you work on a 5 yr average price being 60-75% of todays price you still get a gross income of USD195-244 million.
Costs:
Mining, crushing, processing of raw material- A$25/t,
transport (shipping, handling) of payable ore - A$100/t, royalties, etc.
Say total costs A$150 million, gives an ebit of USD80-120million??