The JORC is largely priced in IMO. The DTR's, grades,ultra low impurities, strip ratio, near by infrastructure, Jupiters 500 mil tonnes and pre feasibility and NDMC are not.
I think NDMC want in mainly for Mt Bevan off-take, not necessarily any profits or greenfileds. The Mt Bevan 70% + Fe makes the low grade Indian iron ores valuable. They can get 10 tonnes of refined ore from Mt Bevan and blend it with 20 tonnes of their ore that would otherwise be essentially useless. Hopefully they can take Jupiters ore too, and the whole thing can be developed cooperatively. Under this scenario a SP in the $'s could eventuate in the next 2-4 years.
Long term it's just a question of how much money current SH's will make and when they will make it. Short term it is just going to be speculation and probably frustration.
LCY Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held
