You might be referring to these numbers, which relate to the old exploration target and based on industry metrics developed by Edison Research.
https://hotcopper.com.au/threads/es...3996085/page-51?post_id=32145775#.XARqmRMzY6g
Note - we are at 51% interest now. Was achieved due to purchase of the drill rig and the exploration spend.
We should comfortably achieve the 70% earn-in stage once they achieve a JORC next year.
Really need to wait for scoping study / PFS to get an accurate picture for potential valuations in production. Best to focus on resource/reserve potential for now.
Ann: Potential for a Globally Significant Gold Project at Estelle, page-12
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