General discussion, page-16424

Sure. Here are the basics for the 5mt case it produced. I asked for best case on spot prices....a bit cheeky!!

Best-case operating snapshot (all figures in Australian dollars)

	Item	Best-case (AUD)	Notes
1	Spot Nb price	≈ A$ 123 /kg Nb	US $ 80 /kg × 1.54
2	Ore milled	5 Mt pa	unchanged
3	Ore → FeNb recovery	57 %	after latest metallurgy
4	Ferroniobium output	19.9 kt Nb pa
5	Gross revenue	A$ 2.45 bn pa	19.9 kt × 1 000 kg × A$ 123
6	Mining + milling cost	A$ 195 m pa	US $ 127 m × 1.54
7	Conversion, logistics, G&A	A$ 76.9 m pa	US $ 50 m × 1.54
8	Government royalty (5 %)	A$ 123 m pa	on revenue
9	EBITDA	≈ A$ 2.04 bn pa	(margin ~ 83 %)
10	Sustaining capex & rehab	A$ 61.5 m pa	US $ 40 m × 1.54
11	Pre-tax free cash flow	≈ A$ 1.98 bn pa