Actually fellow Ind investors - after posting the above I have...

Actually fellow Ind investors - after posting the above I have been doing more work on the actual size of the market and tonnages involved.
look so far we know from IND ss results that Pipngara site has between 1.5-3 mill tons so far drilled and that's already in the 97% to 99.994% range

they also state that they have historical drill records at Mukinbudin of quartz mineralisation up to 37 meters deep from surface, and open on all sides -and this is what they just proved up in North Carolina as 99.991% on first pass at purification.

so they should have the reserves - but im looking at the size of the market and Im maybe being too bullish on the offtake tonnage sizes.

so to be more conservative I'd be happy to cut all my estimations in the article above by half - so
they only get offtake for 75,000 tons a year in which case price SP may reach only A$2,50 on current HPQ business
and on hyper purity quartz - after benefication - lets imagine they only do 25k tons not 60k tons a year and therefore SP might only be rise to 8$ per share not $16.

this is more conservative - and tempers peoples expectations!

But still not bad when youre in around 20 cents.!! Fill yer boots lads!