"Page 3 indicates that both Capital Costs of $40M and operating...

"Page 3 indicates that both Capital Costs of $40M and operating costs of $32.93 per tonne are expressed in A$. Therefore my marginal contribution calculations expressed above are out slightly by approx A$3.50 per tonne."

>>>>>>>>>>

That looks about right to me.

Revenues should run about A$59M for the Li & A$11M for the Tantulum per year. With operating costs of about A$33M + the A$40M in capital costs spread out the project's life, this mine looks like it might net A$300 million in 10 years.

Even with discounted cash flows, this mine looks to be work 4-6 times GXY's current market cap... and that does not even take into account the project's upside nor GXY's other projects.

By the way, I noticed that the Greenbushes Li mine just sold for US$200M+. Can anyone compare the 2 projects?