RE: RE: RE: Industrial Alliance Update On NGC I am not trying to mislead. I run numbers for a living, +25 years experience as an Accountant and analysts in all industries are often way off the mark (imo). Look, +$900 production costs in a revenue deflationary period is a killer. There may be worse economic times to come. The very basics of grade (it is king in mining, always has, always will), associated costs vs revenue (=margin) are very real issues here imo (and it is only my opinon, as we know they are like ah's, we all have them). Look over my FMS bb posts. I have spent extensive time benchmarking FMS against the NGC BFS, severely penalised FMS on costs and the differences in potential margin are highly material (54% vs 90%). Apologies if my previous posting was vague, it was a top of the head, 2 minute post, before i left work. I just cannot see the appeal here, the BFS was not well received, the $2,100-$2800 revenue assumptions were imo ridiculous, they should have modelled well under $2,000. The IRR/NPV were not that good. What do you want me to say????