If grade remains constant to 500m, it can just as easily remain constant to 1000m+. This would not be abnormal for this particular style of mineralised reef hosted ore body. We can more or less infer ~5 m Oz 3E PGM to 200m, so we can speculate 10 m Oz + 5E PGM to 500m (as a start!). Our market capitalisation in comparison to CHN is extremely undervalued for what we currently have in JORC compliant inferred MRE. Once we have a resource 10m Oz + consistent with what CHN is working with, surely we will re-rate into the multi-billion market cap section.
Regards,
Alf
POD Price at posting:
44.0¢ Sentiment: Buy Disclosure: Held
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