@CBRJT2020Spot on, MDI is in the right place at the right...

@CBRJT2020

Spot on, MDI is in the right place at the right time.

If you crunch some numbers based on the following, you'll get a rough feel for where they are going to be at in a few years time.

• First 3 years average Production in aggregate circa 150,000 Koz
• AISC - $1200 Aud
• SPOT POG - $2500 Aud
• Assume No Debt

Also, keep on mind that a little over 10 years ago, NST started off as a small time producer and through accretive acquisitions, grew into the beast they are today. Not saying we are going to achieve anywhere near their success, but we could easily acquire many of the smaller stranded deposits to add to our reserves. There is a collective 1.8 Moz to choose from. It isn't going to cost very much aswell to upgrade the plant to increase production to say 100-120Koz P/A

The cash we make could easily go into funding the BARKLY IOCG project.