Mulga Rock Project DFS Metrics, page-8

All of the above? But back to reality - would be great to get some genuine news (and positive). Looking at VMY they really are very well placed for the coming boom.

Recent contracts have been made by other companies for U @~US$45. Spot is currently ~US$30 so a $15 premium is in play... Extrapolating that and depending how rapidly / or slowly spot rises we might see LT contracts at $60 in 2019.

Maybe a little bit optimistic but none the less here we are with nearly ~100mlbs in the ground and a market where China WILL consume >150mlb by 2030 (each year). If that plays out the rest of the world will be left with nothing (it doesn't work like that I know)...

But something's gotta give and VMY is well placed. We are talking significant annual lbs that need to come online between 2020 and 2030 for the lights to stay on.

Exciting times and sitting on a decent loss right now but never mind.