another business article re tng, page-5

Well, let's say it is even 15mt at 4%...that's 600t of zn eq, or about $1.5b in ground value. Function of what % you then apply to that. Some say 10%, others less...depends on circumstances and many factors. I would tend to think a higher %, closer to 10, might be arguable given the near surface nature of the deposit. I understand this style of deposit is cheap in terms of capital infrastructure requirements and cheap to mine. That is why MVT's are so attractive. With around 200m shares on issue, that, in my book would put it at 75c/share. However, at the expense of repeating myself into a spin, Sandy Creek is a relatively small part of the overall Manbarrum story.