real discussion - paul crosio, page-34

rocky007,

yes, of the $AUD$14.8m it is AUD$1.48m to get Marianas into production of around $60kt Fe @ 63-65%, so 10% ...

Coal acquisition will be around initial AUD$5m for 24% being the drilling and PFS(just don't think they should bother with mentioning a BFS within this timeframe or cost)

That leaves AUD$8m...next tranche of acquisition to 50.3% of Signet assets around AUD$5M...

Leaves around AUD $3m for corporate, overruns, paper bags for SA processes and enough to allow for us not to worry about a CR for at east 2 years, IMO.