what dont we know...slid to 29c, page-10

how did u do those calcs?

i listened to a broadcast and directors were predicting total operating costs of us$4000 a tonne.so lets assume about 20000 a toone gross profit@ 8000t pa comes to US$160 million.lets say 220 million aus gross profit and takeaway 100 m for tax and other.

120 million on p.e of 5 would be about 90cents?not sure how many options on issue.then you have the potential of other mines opening up which has what has got me looking into it again.

so where are my figures so far of from yours.are their prices fixed with the chinese group at lower prices or are the paying other fees to another party.

regards