I was reading some company research by Argonaut where they ascribed a value of 2% of "in the ground value" of resources not in a mine plan. Using this as a guide we have, in the high grade target, 81M Oz AgEq = AUD$3.5Bio....2% = $70m = SP $1.66. Obviously we are not at the resource stage yet, but something to aim for!
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Ann: Iltani defines Orient West Exploration Target, page-41
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