good value

The 2.3Billion tonnes JORC at Lebtheinia Centre underpins the long term value of this company.

But what struck me over the weekend was the promise of substantial reserves in Lebtheinia North and Lebtheinia South held under the same licence (EL264).

Very little drilling on these two and probably little incentive or need to pursue in the near term,given the sheer size of Lebtheinia Centre, but nice to know any potential rail infrastructure can be leveraged across 3 ore bodies.

Lebtheinia East is probably a story for much later on...