scroll down to page 3 of this report
http://www.rmresearch.com.au/wp-content/uploads/RMResearch-ARO-20120410.pdf
and you will see the non complying resource estimate and that this south Jangardup deposit is a highly significant mineral sands asset and very valuable if they can get EPA on side and not worth a penny if they can't
Its a very smart move by SER
Ann: ML application over Jangardup South heavy mineral deposit, page-14
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