Possible Takeover Target?, page-10

Thabk you for the response.

The grade isn't the best (the concentrate may be the best). There are a few companies with better to much better grades but they don't seem to have off takes. Talga, Mason, Syra all have better grades off the top of my head. The biggest problem, in my opinion, is that Syra and some of the other African projects have significantly lower opex with Syra being lower than $300 per tonne while Kibaran is at $500 per tonne