Interesting, that as part of the announcement, they have given...

Interesting, that as part of the announcement, they have given an updated and upgraded resource assessment for both the gold prospect (more work at Mt Berghaus) and the VMS prospect. At the cut-off grades they use for estimation of the inferred VMS resource, the value of the resource is around $580M at current prices assuming 100% recovery of silver and gold along with the zinc and the lead. Clearly they would get a lot less for this without all the specialized smelter gear to recover the various metals, but regardless, it is still starting to stack up to be a resource worth developing if further exploration there continues to build the total resource. And that doesn't include the related gold resource of Wingina Well etc nearby. One to watch now that a well funded explorer has entered the fray, especially given that it is mpost likely that the upgraded resource and good prospect for more is what has attracted their attention.