Back of an envelope. and i'm sure my numbers will be corrected....

Back of an envelope. and i'm sure my numbers will be corrected.

Well the DSO is meant to represent 1-1.5m p/a from this quarter (once approval arrives) then your talking the sale of manganese. I personally haven't done the maths, but 5 smelters over 5 years and the manganese price looking to have turned a decisive corner....

I think i recall each smelthing unit is capable of smelting 15,000 tons of fero per annum. thats (15 million kgs x $2.10USD) = $31,500,000 USD per smelter, with a plan for a total of 5 smelters over 5 years making a total revenue of $157,500,000USD per annum - costs. or

$204,227,192 AUD - Costs. per annum.