Had a quick look. To be honest still very hard to disseminate the information... understand how the arrangement works, but they don't break the costs up. The question is how scalable the smelting business is, given the mining business from Bootu alone is a thinner margin business than Tshipi. One would assume the revenue of Bootu is the cost of the ore for the smelters, so you can kind of back that out a little bit.
IPO - Jupiter Mines Limited, page-144
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