The next JORC update will be for 5Mt+ as referred to by the MD (target).
That will only cover a small proportion of the Gorno tenement, and it'll likely be very high grade material up to 15% Zn Eq. The whole area needs a lot more drilling, but i think 20-25Mt over the next few years can be done.
Take 20-25Mt of 15% Zn Eq. and apply higher zinc prices a few years away... this little coy will fly. Lisheen is a good comparison, it was taken over for US$500m+ after having mined over half what was originally there (Over the life of mine, it did something like 25Mt of up to 15% Zn Eq.). Our MD worked at Lisheen for quite some time too... same style of mineralisation...
Alta Zinc Webinar Replay, page-8
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