What's with cannot be commercialised?They've got a seven year...

What's with cannot be commercialised?

They've got a seven year reserve at 126kozpa and a $400 margin, so it takes a bit longer to pay off, but it generates $52M cash operating surplus each year over 7 years just on the reserve tonnes.

You include the Resources and you have another 25 years at 2Mtpa.

I get a IRR of 16% on ten years with $132.5M capex plus $4M annual sustaining capital including royalties with $80M borrowings.