satori, as we know, at current u and au prices they have an...

satori, as we know, at current u and au prices they have an inferred resource of AUS$103 per tonne.

a 10 year mine life at 3.15 million tonnes per annum gives AUS$324,450,000 worth of resource mined per annum.

assume mining costs are $33 per tonne, this brings us to AUS$220 million before tax etc per year.

net profit per annum would be close to AUS$150 million.

the cost of development would be about AUS$100 million so very little need to dilute the share register as there would be plenty of financiers circling for a slice of the action with such a robust mine and could be paid off within a very short time.

still a long way to go but if u and au prices continue rising and they can increase the grades and/or resource then it will be very happy days.

cheers.