OK I can't be bothered doing exact figures BUT ; 1.They aren't...

OK I can't be bothered doing exact figures BUT ;
1.They aren't producing Zn and Pb metal(AZS have indicated no smelter) but a concentrate which will need to be refined so factor that into what they get paid for product
2.Recovery from memory 85%
3.Resources are not reserves , some good portion of this will be but not all .
4.Most of the I/G value will get used in mining and milling .
I was working on a 20% margin ...a guess ...maybe more maybe less .
5.Fully discounted looks to me like NPV around $50-70 mill which is OK for the size of the company IF it can actually be developed .Despite what Salpetie says (which does influence my thinking ) looks at best borderline "stand alone" to me with likely better value trucked somewhere if that's possible .

Todays announcement reasonably as expected .
To be honest Salpeties post 2 cents worth encouraged me a little though !