Ann: China Pit Scoping Study Finalised, page-8

well here is a little comment on cash flows

did some quick sums on the MYL data provided and using current spot pricing on commodities. Keeping in mind this is only a VERY small part of the resource. Based on costs including everything but TAX. LOM earnings will be 96.5c a share for MYL. VERY impressive numbers for a 'starter' pit and considering real drilling is only now commencing.

I would argue for a long life uplift of 4 to 6 times these numbers given the known geology and what the drilling is likely to produce. Capital costs will also be far less as time goes by and there is a very real possibility that more of the very high grades will be found.

10 bagger seems a walk in the park for those with patience.

PS Disclosure: a serious chunk of my capital is invested.