Guys if SRR can pull this off next year we'll be happy investors!!!!
Worked it out it's
250k t x $171 /t = $42 mil cash flow!!! also consider the potential upgrade to 500k t which brings us to $84 mil per year!!!!
That's just production at otjo also the potiential of GOLD.... " Gold potential to be assessed, with
2010 drilling returning a high grade gold
intersection of 2m @ 34.4g/t from 24"
"Feasibility studies at Otjo assessing the potential for 250,000 – 500,000tpa
manganese production"
We also have the backing off AGO owning 45% of the company!
" Support of largest shareholder, Atlas Iron Limited"
Who cares about the other major share holders!, AGO is a prime example of pure success!! i've seen that AGO stock from 20cents to where it is now!! currently $2.90- they wouldn't put 45% stake into a company that weren't confident in.
that's my opinion!!! cheers
"A$171/t FOB Walvis (US$4.50/dmtu)"
prodcution by 2012, page-2
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