mining forecast young, page-15

I realize that the quarterly report did nothing to instill confidence re the short term development of Young, Blindly
full of faith I steam on.
Deepdiver I have accepted your suggestions re Young;
1. capital required $600m. 2. No value placed on the sales of iron at this stage. 3. Valuation of $150m for Young tenements. ( Although I think we could have a case for a higher figure ).
Amended calculations.
Selling price per tonne Nickel $30,000
Selling price per tonne Cobalt $80,000

90% Recovery on Nickel & Cobalt
Adjusted Yields nic .648% cob .0063%
Plant Capacity 5mt ore pa.
Thus yielding 32400 t nic and 3150 t cob
Sales nic $972m nic $252m cob Total Sales $1.224 b

Less costs;
mining & leaching cost/t $80 $400m
Depreciation $30m
Interest $30m
Total Cost $460m

Profit before tax $764m
Tax $267.4m
Profit after tax $496.6m

Capialise 12.5% return $3.9728b

Share Capital; Valuation Share P %
Shares on issue 2,141,799,605 $150m 7c 33%

Capital required 4,285,714,300 $300m 7c 67%
Issued shares 6,427,513,904 $3.9728b 61.8c

Shares Worth approx 60c each.

Your comments please.