announcemnt out 9.15, page-33

You can work it out this way JMS have under 600 million tonnes and there project is worth 1.5 billion dollars,they are going ahead with it. Check out their ann's great reading!
By the time they finish drilling MT Bevan who knows how much there will be, without ramping, on what we know at the moment I, (my opinion) can only conservatively estimate 3 plus billion tonnes. Remember only 30% of the tenement has been drilled and only 40% of that 30% has been JORC, with excellent DTR results. If the future is bright for us we may even surpass that number. Anyway only time will tell and with the next round of drilling already going on we wont have to wait to long. There is no downside here except the topsy turvy market in general, a tenement that size is worth billions of dollars and a lot of people out there know it, lets just see whose hands come up at the right time.
Have a good weekend all, I'm schooled out and Hotcoppered out, been a huge week and I'm tired !!