Depends on how you value the MRE#3 also...based on Pd eq it is ~$60 billion AUD, but based on Ni eq it is $105 billion AUD of metal value in the ground. If you assume they will find at least 30% more metal at Gonneville in the future, then based on 40 million oz Pd or 4 mt Ni eq, Gonneville alone could have $80 billion to $135 billion of metal value in the ground. If a project takeover price just for Gonneville is based on 10% value in the ground we could be looking at somewhere between $21-$37/share. A few if's in there and the world is never perfect, so let's just see what going to happen.
Ann: Gonneville Resource Increases By Approx. 50% to 3Mt NiEq, page-139
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