Ann: Wilcherry Hill Project Feasibility Update , page-11

re: Ann: Wilcherry Hill Project Feasibility U... So if frieght is covered by the buyer then WORST CASE scenario is

Yr 1
Sale per tonne: $110
Cost per tonne: $75

Profit before tax: $35 x 1mt = $35m

BEST CASE
Yr 1
Sale per tonne: $125
Cost per tonne: $55

Profit before tax: $70 x 1mt = $70m

and this is year 1, Year 2 and 3 are double this. Then you have all the other production.

My goodness, is this correct? If so, my investment is even better than I was expecting.

IFE Markcet cap $44m

TRF Market cap: $39m

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Although I have no IFE position, I have TRF.