If mantle's share of annual profit is $30 mil and their share of output is 10mtpa then the project is returning a profit of only $3 a tonne! That's a very small margin for such a big investment.
Tell them they're dreaming.
And show us the calculations that produce those scoping study numbers.
Never seen such threadbare background information presented in a scoping study by an asx listed company. What are they afraid of? Commercial in confidence? Greenies finding out? Or do the numbers include an off-take agreement whereby Tata buy the bce for $50/ tonne?
MNM Price at posting:
10.9¢ Sentiment: Hold Disclosure: Held
