Deirdre,In early July we tried to estimate the revenue from the...

Deirdre,

In early July we tried to estimate the revenue from the MRP using the economic paramaters given for stage I and the additional expected outputs advised by INL in their announcement dated 2 May 2008. Refer to previous thread:

http://www.hotcopper.com.au/post_threadview.asp?fid=1&tid=708654#3098554

We have also heard estimate that the MRP may cost between $75M and $100M.

Using todays metals prices and exchange rates, then the MRP could still generate revenues of between A$80M and A$90M. If they incorporate copper in the outputs the revenue could be higher.

If they could keep operating costs below A$40M, then we could still be looking at a project with a operating cash flow of A$40M to A$50M at todays metal prices exchange rates for an investment of A$100M. A very attractive proposal.

Therefore, I would hope INL would be considering releasing the preliminary economics of the MRP, giving estimated capital costs, throughput rates, metal recovery rates and production output and possible operating costs.

I cannot see INL having discussions with anyone without at least having approx estimates for these figures as there would be nothing to discuss with the other party without them.

Regards

SP