Bluff project:
Indicated 11.2 million tonnes
Inferred 10.3 million tonnes
TOTAL 21.5 million tonnes
Potential sales 12 million tonnes over 10 years ie. total A$1.08 billion (12 million tonnes x A$90/- per tonne) or A$108m per year
Grosvenor West project:
Indicated 41.6 million tonnes
Inferred 32 million tonnes
Measured 67.3 million tonnes
TOTAL 141 million tonnes
Potential sales 67.3 million tonnes over 18 years ie. total A$8.75 billion (67.3 million tonnes x A$130/- per tonne) or A$486m per year
Total potential sales from just Bluff and Grosvenor West will be around A$595m per year. Doesn't $71m plus $8m seems a little too cheap ? Paying just A$79m for over A$9.8 BILLION worth of precious quality resources !
re: too cheap
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