MNE 5.26% 3.6¢ metallum limited

We were already given toll treatment figures.As I recall worst...

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    We were already given toll treatment figures.

    As I recall worst case scenario was about $130 per tonne with an all in extraction of cost of $54 per tonne, leaving about $80 per tonne in revenue.

    Even if MNE retains 68% of this it is still approx $272 000 per
    month, of course the higher the grade the higher the profit as paid from the TT.

    Then get 2 sites running, then 3 and bear in mind the historic cut-off of 9% Cu and you will see that $272 000 per month really is the worst case scenario.

    It's why I hold anyway.

    EB

 
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