"VMS" - Multi Asset Resources., page-737

Sorry about the link... forgot that happens on here... I’ll do my best to explain things about Riley from previous announcements....

Economics for the low – $6.7 million – CAPEX Riley mine may be in for a re-examination given the pre-feasibility study, or “PFS” numbers released in August 2019 were based on a spot iron ore price of US$90.35 a tonne for 62 per cent iron material.While Riley has a short initial mine life of two years, the old PFS shows it spitting out $172.8 million in gross revenue, $37.64 million in EBITDA and a total cash surplus of $30.67 million for the period, with an internal rate of return after tax of 303 per cent, all assuming the US$90 a tonne spot price.Life-of-mine cash operating costs for Riley have been forecast at an average $56 a tonne and $85.12 per tonne when including shipping costs. You should be able to do the math on current iron ore prices by your own research! I hope this helps u and anyone else new to the company! As I said... at these prices for the sustained estimated time for the foreseeable future, has turned this little mine into a very lucrative little cash cow... and as I said... if those prices continue or reappear in the future then of course we have Livingstone... ducks are more than lined up... u could use them as a reference to display inaccuracies in the structure of the Egyptian pyramids lol... IMO DYOR