Ann: Arlington Pre-Daba Presentation 2019, page-23

Note the Y-axis heading 'revenue US$/tonne' (to be approx $2000 per ton for the NdPr concentrate it seems).......well that's the way I'm reading the graph.........still.......95tpa at $2000 is $190mill gross so with 84% ownership currently and considering the low cost capex/opex it looks like a cracking way to approach the business imo.

I wonder what PM8's margins will be........they should be significant as the project is initially targeting the higher grade 'easy free dig' section of the resource..........."The highest grades occur from surface"..............."The initial focus will be on the resource occurring within a cut off around .65% NdPr which totals 22.9 million tonnes at 4.16% REO and .86% NdPr containing around 953,000 tonnes of REO including 197,000 tonnes of NdPr".