Using the lower end of the (2.4 to 4bn tonne range) and assume...

Using the lower end of the (2.4 to 4bn tonne range) and assume price for ore of $100 per tonne, that gives the value of the contained metal as $240 bn).

Let's value this at just 0.1% (ie 10c per tonne) of the contained metal = $240m.

Yet at MEP's current market price, the project is valued at just a few million...