Ann: Hemi continues to Grow, page-49

@locky27
The best way to get an idea of what the mc could be is have a multiplying factor for each oz in the ground.
M&I is worth ~$60 so if the oz are in that category then use that.
They are not in that with Hemi but most of the previous inventory of 1.7M is.
It will need infill drilling to confirm M&I but rght now they will keep testing the limits of this find by stepping out.
@timmo said, "we need more ac rigs to keep following the in soil anomaly, then rc and diamond to test both depth and grade accuracy.
To make it simple, just use $60 on M&I and $45 inferred, ( you may want to confirm those numbers for yourself ).
We will have an upgrade very soon on the previous inventory to say 2.2 but not sure of the M&I category.
Hemi is all inferred at this stage.
eg: 2.2m oz at $60 = $132,000,000 and Hemi inferred 4,400,000 + 1,200,000 x 445 = 252,000,000 add the two $384,000,000 mc
Those numbers may look ridiculously conservative as this bubble burst plays out and as the discovery grows particularly if the grade increases.
Kind regards, Wack