Im thinking that USD$25 per lb is a tad on the conservative side...

Im thinking that USD$25 per lb is a tad on the conservative side for B4M production costs. I would expect something around 10-15/lb for a deposit like this.

As a private company the conservative approach is best.

I expect there is a lot of discussion about the capital costs of USD$90m, particularly as the Beverley mine is already there. The JV is proposing to build an ion excange unit at the site and then pump to Beverely. How does one decide how much to charge AGS for plant that was built 10 years ago?

Interesting times ahead.