I believe if they have JORC compliant reserve of around 40M tonnes at similar grades, it will be worth $100M easily. I believe this is genuinely possible by March - April 2017.
and if you throw in possibility of JVor takeover , we could be looking at $200 - $250m which would equate to 10c - 12c range.
Good news is they are cashed up until at least Dec - Jan and next cap raise would be in the range of 2c plus.
Ann: 34% Zinc in Latest Vein Assays at Riqueza-ICG.AX, page-181
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