LRC 0.00% $3.54 laguna resources nl

what is the value at 1.1 moz jorc, page-4

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    http://www.straightstocks.com/market-commentary/how-to-value-a-junior-miner?s-gold-in-the-ground/

    a) Inferred:
    The lowest-confidence category, based on just enough drilling to outline the mineralization.
    b) Measured & Indicated (M&I):
    These higher-confidence categories have been drilled enough to establish their geometry and continuity reasonably well.
    c) Proven & Probable (P&P):
    These are bankable mining reserves ? basically Measure and Indicated resources with established value.


    ? US$20 per ounce Inferred
    ? US$30 per ounce for M&I
    ? US$160 per ounce for P&P

    So how did you derive your 1.4 billion Rob?
 
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