Valuations for ARL - FA only., page-7

ripper Xgenesis, I was going to suggest you throw your model in the mix here - it s is more of a bottom up approach than mine and was what got me keen to do something similar for a brand range of metal prices

I've noted your point about capex on 2.25Mt from previous posts - for now I am taking a pretty conservative view on that in my posts here, simply to pre-empt the inevitable comments around historical cost blow outs etc on HPAL. At the moment I've got $900m US $1.2b AUS for 2.25Mt scenario. But shouldn't have to wait long now for the official view on that from ARL