sp

A question for the more financial/fundamental orientated analysts.

We know that the DFS is based on $65 per ton IO price. (versus $175 which is now) We also know op costs are $20 per ton (call it $30 for ship etc...) Forgetting further upgrades in the next few years, finance/offtake etc...

If we are producing 35 millions per year and we get $10 more per ton, then we would be adding $350 million to the bottom line. That is 13 cents EPS based on 2.7 billion shares on issue. On a PE of say 10 (average for sector) that would equate to an extra $1.30 per share?

So if were selling at $40 above the $65 - still a conservative $105 per ton, then that would add $1.4 bill a year, or 52 cents per share = $5.20 SP. That would be on top of the current val of the SP based on selling price of $65.

Welcome thoughts...