wim 150

I looked at Wim 150 2 days ago as a resource 5.2 million tons of Zircon it seems similar to the same quantity of zircon that Iluka have in MEASURED resource at jacinth , 9.5M tons of HM with Zircon 48% = 4.6Mtons Zircon at Jacith they are looking to produce 300KTPA of zircon production .

Wim 150 has 1,014 million tons @ 3.2 % heavy mineral including 5.2 million tons of Zircon (around $4 billion dollars inground value I am guessing from zircon alone) or 100 times company cap. The measured resource is around 3/4 of the above.
Ilmneite value around $6billion inground I am guessing based on ilmenite being 70% of the value of Zircon historically and 2.4 times more ilmenite in the HM than zircon

So lets say it has a 10 year mine life of 300KTPA of zircon then around $250M in zircon revenue alone (not including the ilmenite and rutile fractions) could be mined per year.
Capital expenditure at Jacinth is going to be around $450M I am guessing similar CAPEX for Wim 150

once the report on Wim 150 comes out any day now the sp could be rerated IMHO

Please refute my figures this is for discussion only