Ann: Independent valuation of processing facility, page-5

Would it not just be best to see what this margin is ( Once Announced )  How  can anyone here even guess the Buy and Sale price this valuation was worked out on We only have what is typed below !

Purchase terms are 60 days based on based on a percentage of London Metal Exchange (LME) prices and with a healthy processing margin

There is power, water and good infrastructure to support the project including offices,
workshops, stores and accommodation facilities on site. The project is based on
processing 25 tph of copper cobalt ore.

The ore can be purchased in the Likasi area with typical feed grades of 1-2% cobalt and 2% copper. Purchase terms are 60 days based on based on a percentage of London Metal Exchange (LME) prices and with a healthy processing margin. Previously, acid was not recycled and this is one of the largest cost inputs in the process.

There are no fatal flaws with the project and the risks for the project can be managed.
As a part of future project development work Winmar Resources needs to develop a
Project Execution Plan (PEP) outlining refurbishment, the project schedule, budget
and commissioning activities. The technical basis of the project is sound and installation of a solvent extraction and electrowinning circuit (SX-EW) would add significant value to the project.

A level of automation in the plant would be recommended. A budget of US$10M is required to get the project operational which includes refurbishment, first fill, working capital and commissioning.