open up more than double? If the capital costs are in the...

open up more than double? If the capital costs are in the vicinity of $4.3-$5.2b and operating costs ~$50-60/t for LOM production and total costs including admin/development/interest of ~$110-120/t... then do the calcs... NPAT will equal ~ $600m pa. MMX share of profits will be about $300m pa and on 436mil shares on issue, equals about 70c net profit per share.

$3.50-$4 share price at minimum, there was a reason why MMX was trading at $3+ not so long ago and $6+ a couple years back... but in the current market, any hope of rational thought has flown out the window!