Ann: $2.4M Market Value of Shareholding in KOSDAQ Listed DST Co., page-11

Although once we reach feasibility stage we can expect a much higher MC.

I'm looking at a high level comparison with TNG which is at feasibility stage.

140mt @ .33% = MC $140m, (100% owned asset)

This is roughly $1m MC per 1mt.

POW: 90mt @ 0.35%, (50% owned asset)

90 x 50% = $45m MC

Once we reach the feasibility stage, it would make sense we could sit around $45m MC (about 5x today).

Not too sure regarding sediment vs. magnetite deposits, but management are using this as a selling point in the latest investor presentation so I'm assuming this is a positive thing that we have sediment hosted?