why ibg will be Disallowed , page-18

Using a rough and conservative estimate and the following formula courtesy of nathan21 I would have to say that we are looking at about a $2 billion resource value as the jorc currently stands at 60mt,
of course this is a ballpark gross figure but I have used conservative figures of 800 per tonne (actually current price is over $2000) for the contained zinc and a conservative extraction rate of only 80% and a capex and opex of 1billion.

[Compliant oz ] X [$ lb] X [Recovery rate] - [Capex + Opex]= Market Value

If as the company has repeatedly stated the resource is putting upwards pressure on 300mt for Citronen alone then we are looking at something outstanding.

Please folks this is a rough estimate and I have used conservative figures as I have said but even at 60mt we are looking at a valuation of over 2 billion, multiply that by 5 or 6 to get to 300mt and then do the maths it is massive.

Take into account the possibility of Washington land and Mestersvig and we really do have a monster on our hands that is going to have to blow up at some stage in the near future.