ah yes its worth noting though that that area covers quite a large area of at least a few hundred sq km. They are seperated by other tentements belonging to other companies - ie its not all in one place that would make extraction easy.
22m oz is worth about 2.2B$ US then u strip out construction-minng costs and hope they can get the lot. I have said a $1b market cap would be reasonable based on this the iron ore and hopefully the uranium deposits at clarke river assuming ELL vote in favour of merging and then GNL becomes hawthorn resources.
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is gnl still on track for 22million ounces au, page-4
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