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It's simple, page-58

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    WKT, who are you comparing to? whats is their total deposit size, flake size - again i did a rough comparison to syrah on their tiny flakes and competition with china - syrah flake size is at least 1/3 the cost of VRC flake so if we have half of the tonnage they do and are 3x the $ per ton we are 1.5x their worth - at least on paper at this stage. ill see if i have time later to do the math to be less approximate as im sure my figures are off but close enough to make a point
 
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