In your own words, "if they never get a mining operation going, your calcs won't matter, please try and get your head around this.
What would be smarter is trying to work out how much money they need to raise/fund to get the operation going. I figure with the drilling required and the plant needed to operate a 20kt/m operation, including roads etc. they will need at least $20m"
How come your calculations are smarter or better off than ragingboom's because the fact remains the same.
KAB Price at posting:
2.1¢ Sentiment: Hold Disclosure: Held