I spoke to management and it looks as though with very limited...

I spoke to management and it looks as though with very limited infrastructure costs they can make $50M plus profit pa for 10 plus years in Phillipines. Could this really be right? Apparently they get a front end loader pick up the ore drive down a jetty and put it in a ship. BHP dont want to be involved as they have got rid of the smelter in Qld they were going to send the ore to but the Chinese will be onto this in a flash- cheap,no infrastructure costs/,reliable and with a 10 yr plus mine life. How much could PEL be worth?