Ann: New Large-scale Porphyry Targets at MaCauley Creek QLD, page-35

I’m not just a studied of geology but also economics/finance and accountancy. Any significant discovery and I could see a MC of >$500m once it gets to the point of resource generation. At that point management would likely bring in a partner to prove it further. Just remember that OD being the largest IOCG deposit has over 250km of cores across the deposit to prove up the resource of 10bt. I would see a modest 500mt resource costing over $65m to prove up as long as complexities are low. A resource over 1BT will likely cost of $100m.