didn't realize that Guidos, thanks for the heads up
Although a small project ie 1M-3Mts@62% Fe+
At current Fe price levels, margins of $60/t could be achieved
The NPV of that would be $37m-$110M
1M-3Mt's@62%Fe = 620kt-1.86Mts Fe @ $60/t Margin = $37m-$110M
So while Dessah is small, size aint everything as that NPV is about 20c - 50c a share value to LML for its 50% interest
neighbours cxm & ird, page-6
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