$35m annual operating surplus from fossey,that is a pe 2.
The tailings base metal reprocessing (Zn/Pb conc) should kick in 1st half next year adding a further $10m pa.
The margins re Ag & Au recovery from the tailings would be substantialy higher than BSM's original as they only used a silver price of $19 per oz,when you are producing up to 2.7m oz it makes quite a big difference.
Good to see some exposure in the press.
bsm in the age, page-2
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