IXR 11.1% 1.0¢ ionic rare earths limited

Still does not look right!350tpa x $60,000/t (your 600,000 /10)...

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    Still does not look right!

    350tpa x $60,000/t (your 600,000 /10) =$21,000,000

    So, with today's prices they will be producing roughly US$21Mpa of REO pa,
    With a 25% margin that equates to US$5Mpa earnings (before tax)
    15 years @ $5M = US$75m,

    Deduct the initial CAPEX and you are left with just US$15M profit with a rundown plant.




 
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