rimtalay in kalimantan

Rimtalay I dont hold any shares any more just a few million options so I cant participate in any rights issue. My options will probably expire worthless but I didnt have to sell the family farm to get them so the risk reward ratio is good if gazzard can get the bigger bati bati plant in kalimantan up and running shouldnt be hard as simple operation of reprossesing Au tailings.
And if you note options wer handed out to him recently so he has added reason to make it happen.

With Bati Bati and the currently operating Sampit plant running there is potential for 35,000 TPA of zircon currently getting around $US750 (slightly lower grade than AZC zircon ) with credits from Ilmneite and Rutlie and Au they will get around AUD$35M in Revenue. Lets say they hit $9M in NPAT ( I dont know the price they are paying the artesian miners for the product) lets say it is US $450 take out another $100 a ton to process so left with US $250 a ton on 35,000 ton then thats potentially makes OLY a $40 M Cap company on a PE of 4 I am guessing just out of its kalimantan interest.
Sorry this is not correct methadology as should be using a IRR or NPV basis in determining company value or at very least enterprise value, but to me OLY is undervalued IF they can get their act together (which they havent done untill now ) but MK has his reputation on the line now especially with MON and TTY under performing


MK should be pushing to get Keysbrook set up as a seperate company or to have it sold off to realise some cash same applies to Harts range as there are too many irons in the fire IMHO for both OLY and TTY
I hear to the Bati Bati 25000 TPA zircon plant will cost less thn $600K (thats less than one tenth the price you would pay in Australia for that capacity )so wouldnt be surprised if to hear some good news on plant procurement shrotly

CCI looks interesting at the moment as does MZM if you want to do some research (which you seem to enthrall in ).
OLY has the potential to be a little OMH under the right hands although maybe MZM has more of a chance in that dept.