thanks , page-11

jones just been trying to work out these valuations..
i found the latest resaerch paper by lodge this one got taken of the web site still on announcment pages...

on the latest lodge one they have npv at 1.38 not sure if this is at 20,000t /pa or 105000t/pa???

the original report has npv at dollar at 20,000t/pa
the first report didnt take into account of the ferro aqusition though...and thats there biggest cost with is about $900 per ton so instead of margin on 700/ton it should be around 1500/ton??



these things are hard to read