announcement, page-3

I did notice that MWE announced in their previous Africa Downunder presentation that they have previous estimates indicating 750,000 tonnes at 4.7% to 850,000 tonnies at 5.8%.

Are these drill results looking to both turn this into a JORC and expand the size?

In which case we could be looking at 4 billion dollars in ground. After you take into account set up costs of mining, costs of mining and time value of extraction, there should at least be upside several multiples of the current market cap. Noting on the way we are taking on significant risk in terms of politics and mining (in relation to MWE's copper). But it still seems to be trading at a discount to these factors when you add in the gold and iron in Australia.

What are others thoughts?