There's a complete lack of information in the Sep Quarterly...

There's a complete lack of information in the Sep Quarterly about what to expect from the new plant once it hits its stride after commissioning so I thought I would make a few estimates using the August investor presentation.

Head grade including blend from ROM stockpile = 2.5g/t
1000tpd
assume 90% recovery
assume 90% availability
70% ownership to SBL
31g in a Troy oz
Gives
2.5 x 1000 x 365 x 0.9 x 0.9 x 0.7 /31
Equals 16,700 oz pa to SBL
We don't know costs but about US$600/oz typical in Africa for this grade and CIL. Let's add 25% and call it $750.
At gold $1750/oz SBL making $1000/oz x 16,700
Equals US$16.7m pa.

They have already told us in an ASX release that plant capacity could be doubled for a few million dollars. So double the above...

For those wondering what happens when tailings dam and ROM stockpiles run out, SBL has nearly 1.5m oz of JORC to work with and plan as a replacement feed.

So could someone please try and explain why the 1.9/2c scrip bid by Lion is a good idea?

SBL is selling out its cash flow and selling out its gold exploration prospects for a song.

Oh and what happened to the "exploration target of 15-54 MT manganese
@25-30%" ?!