Ann: Mining campaign completed on time, on budget and more tonnes, page-5

Hi there goofy.

In relation to the ore grade, I have calculated with information from page 34 Pilot plant targeted production.
http://www.asx.com.au/asxpdf/20171115/pdf/43p7g7hzdq4h0t.pdf
Now working off the 60,000,000 kg to be processed per year to obtain a mix that would contain 573,000 kg TREO, that would equate to a 0.955%, Very small in comparison when you consider that Lynas is 11% (since ntu and others use Lynas in some of their comparisons)

Another point of interest using the 15th of Nov 2017 Presentation, and the April sales agreement.
http://www.asx.com.au/asxpdf/20171115/pdf/43p7g7hzdq4h0t.pdf
http://www.asx.com.au/asxpdf/20170406/pdf/43hbnnx5xmklmx.pdf

Using the estimated 60% revenue from Dy (page 7) and using the $22m yearly earn from the sales agreement, and the 49.4t Dy in the mix.
This would equate to 60% of $22mill = (22,000,000/100) x 60 = $13,200,000 so now we divide in the 49,000kg of Dy. $13,200,000 / 49,400kg Would = AU $267.00 per kg or USD $202.00
AU $267 Per Kg Dy carbonate that has not been fully separated ???, when 99.9% DyO is currently spot trading for AU $230 inclusive of 17% VAT.

Anyone picking up what I'm putting down.

IMO Caveat emptor!

Caveat emptor is a Latin term that means "let the buyer beware." Similar to the phrase "sold as is," this term means that the buyer assumes the risk that a product may fail to meet expectations or have defects.


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