Looking over the last presentation I saw some figures of the...

Looking over the last presentation I saw some figures of the supply "potential" per annum. I don't remember seeing these figures here so I will lay it down...
The raw resource is priced at $120-$150

• Livestock feed supplement 50,000tpa


• Soil conditioner 250,000tpa

This is all sales at the mine gate so there are no transport costs, to Australian customers..
(50,000x120)+(250,000*120)=6,000,000+30,000,000

= $36-45 million per annum

Now these guys are also chasing the big buyers from OS, as they are in a position to mine immediately. They have customers visiting pretty much every month. This is the schedule.

• Wyoming Benotite (USA) - May 08


• Taiko (Malaysian Palm Oil) - June 08


• S&B Benotite (Largest EU producer) - July 08

These guys came and took samples for testing. They are interested due to the high quality and the low cost

• Halliburton (USA)


• Amcol (USA)


• Sud Chemie (EU)
  

Whats the market cap?

304,862,547 x 0.071

= $21.6 million

Currently this stock is undervalued. Share price will be significantly revalued when one of the visiting customers starts talking contracts. The size of the this resource is valued at $0.7-1 billion alone (see the calculations here), in addition to the benotite they also have sodium bicabonate and dolomite projects.

-$LAPPY-