re: Ann: Massive Tungsten Mineralisation at B... doubtful to me...

re: Ann: Massive Tungsten Mineralisation at B... doubtful to me but I only researched for 5 minutes

200,000 mtu productiion pa in 28 May 2009 at cost of US$100 and revenue of US$180

factor in $50M capex

mine life is 5 years currently, could be extended to 7 years and probably for 10 years

EBITDA = US$16M pa

NPAT = AUS$12M pa at 85 cent exchange rate

currently 150m shares and oppies on issue

issue another 150m shares for capex at the EPS is 4 cents

HOPELESS! unless someone can explain otherwise