Very Rough:
46,000,000 x .016 = 736,000
736,000 x 3000usdt = A$2,208,000,000
So, do I think thats how much copper they'll find, no.
I would think maybe 5-10mill tonnes @ around 1%.
Still good money, and worth the high risk invetsment just for the drilling with so little shares on offer, and the current small cashflow.
reagrds.
AUM
australian mining investments limited
possible 46mill tonnes at 1.6% cu, page-4
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