ozblue Your comments mate "60,000t/a is not out of the question"
OK mate now lets do the numbers.
We don't know the actual production number so lets use the 3 million tons per annum.
3 mt/a with output of 60 000 tonnes gives a grade of 2%
What was that word you used was it high grade. The JORC is 1.7% and that is for the entire 30 000 tons before any of the last 2.5 years of drilling
Most on here are expecting first year at somewhere between 3 and 6% with 4 being possible.
You are claiming a 1 per share
The costs are much the same irrespective of grade so if you are including costs in your 1 number then anything above that is pure profit. At double your grade with costs removed well do your homework.
CDU Price at posting:
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