What would the mines be worth on there own ?, page-2

Excerpts from the QMB Cooperation Agreement Announcement

"The monetisation of our limonite ore, which until recently was stockpiled as overburden, represents significant
value creation by the Hengjaya Mine for our shareholders. Should definitive agreements be executed with
QMB, at the current limonite market price which is approximately US$15 per wmt for 1.20% Ni grade, the
Company will potentially receive additional revenue of more than US$1.5 billion over the next 20 years."

This is just the Limonite Ore at 5-7WMT/Annum but Saprolite ore adds more Value than Limonite Ore two fold.
At $10/Margin /Ton * 7,000,000*20Years = US$1.4Billion in the next 20 Years
It is expected that once the Road is completed by middle of 2023, 4 WMT / Annum of Saprolite.
At 25$ Margin/ton *4,000,000*20Yrs= US$2.0 Billion over the next 20years.(Note that Margin will go up
more when Road is completed)

So the total Net revenue of the mine alone is about US$3.4B or A$5B at .65c Exchange Rate.
EBITDA of Mine / Year A$5B/20 Years = A$250 Million.
Now that can go up or down depending on Ore Price.
If we get involve in Sulphide processing then that will be massive added value.DYOR