Based on this announcement and the exploration target cited. I expect 400 million ton concentrate in the measured category and the rest of the ore (probably 300 to 1300 million tons ) in the indicated and inferred category combined as per the JORC 2012 classification. This is really massive when I compared it with the Champion ion ore BFS study where they had just 140 million tons of concentrate in the measured category. You do the maths on the project's NPV and share price in the future.
Ann: Mineral Resource Upgrade Delay, page-105
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