Hi HT,It's just a first pass and open for discussion. I still...

Hi HT,

It's just a first pass and open for discussion. I still haven't added a few assets i.e. Montevideo, Orient & the Red Dome Copper resource shared with Mungana etc because I have to double check a few agreements etc. The values are just a guide and best estimate to see what's possible. I assumed they would get 40% less book for a sale price. They may get more, may get less on some.

At the moment I can see about 47 mill leftover - give or take, and the capacity to raise at least 14 mill from a key investor cap raising. They could also sell off Griffith Hill for 5 or so. It may fetch more for the copper content.

So, 66 total.

If you allowed 25-30 to complete Mungana (this is a must), and assumed some kind of asset backed loan facility for this 25 mill it could be done. They would have a ready mine in Mungana, where production could be immediately resumed, however there is presently only about 2 years of resource there. Cash-flow from Mungana, (and after cost savings from the plant - should lower zinc cash costs to circa 60c), which would contribute some funds to the startup/extension of Mungana/Red Dome/King etc and pay for the plant. At the very worst, you can see about 4-5 mill in net operating profit with zinc at 88c from about 14 million pounds of zinc per quarter over 2 years of Mungana production.