Which brings us to the next discussion what is a reasonable PE to be trading off.
No matter which way i look at this project i struggle to fault the economics. With our PFS looking good using a US$13 per pound price i'm not selling anything. If we get the $20-30 price per pound in the first year of production then TMT will be set.
For what its worth i don't think people can rule out a $20+ per pound price in 2021, the demand for steel is there and who knows how successful the VRB's are going to be