I thought it would be more like 4000000T(tonnage of copper bearing material) x 0.01(percentage of contained Cu) x $6500 (price of Cu/metric tonneAUD).
Which is about $260 million. You can probably get rid of 60 million of this due to drill out, infrastructure startup and overburden stripping.
It's all a bunch of interpretation but he looks of it and I will wait for a measured resource before throwing numbers around.
Good fun to have a punt anyway!
Fremantle dockers or Collingwood magpies?
MEU Price at posting:
1.8¢ Sentiment: Hold Disclosure: Held
