Prospektor, the metal content of the resource (initial) is about $600m isn't it. Even if it did cost $60m, so what. The operating margin on this little beauty will be magnificent. Plus, there would be all sorts of add-ons built into any management model. Capex is not the only cost. They would need working capital etc. Worth asking the question, sure, as to where the $60m figure comes from. By the way, the resource will be much bigger than this in time...that's my bet. They have a fair bit of scope to increase the resource. That's my take on this, having listened carefully at the recent presentation. clearly they needed this native title clearance. I bet we are pretty close to the off-take and financing. Hang loose.
Some other poster quesried the Japanese....lol...what Japanese...they were Chinese (Hunan), and they wasted THR's time for 6 months. Think I may have heard that at the presentation too.
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