2nd Clarification [Table should now agree to Sep 2017 posts]:...

2nd Clarification [Table should now agree to Sep 2017 posts]:

The ISV (in-situ value) of $15.34 billion quoted above is just Kalkaroo!

The SUM of the ISVs posted last month is $34.12 billion (Kalkaroo + Mutooroo + North Portia + Grants/Maldorky). Refer footnote table.

Basis $34.12 billion, 50 cents represents an ISV factor of 0.3% (undiluted) or an EV of $95m.

And say $2ps represents an ISV factor of 1.1% (undiluted) or an EV of $360m.

It's academic at this point. But it just goes to show the distance between share price and estimated value as other posters are also pointing out.

DYOR

Table of estimated EVs and ISVs as posted in Sep 2017

	Column 1	Column 2	Column 3	Column 4	Column 5	Column 6	Column 7
0	EV A$m
1	ISV Factor	Kalkaroo	North Portia	Mutooroo	Metals ex-Fe	Grants/ Maldorky	Total JORC Resources
2	2%	$ 306.8	$ 27.1	$ 61.7	$ 395.6	$ 286.8	$ 682.4
3	3%	$ 460.2	$ 40.7	$ 92.5	$ 593.4	$ 430.2	$ 1,023.6
4	4%	$ 613.6	$ 54.2	$ 123.3	$ 791.1	$ 573.6	$ 1,364.7
5	5%	$ 767.0	$ 67.8	$ 154.1	$ 988.9	$ 717.0	$ 1,705.9
6
7	ISV A$m	$ 15,340	$ 1,356	$ 3,083	$ 19,778	$ 14,340	$ 34,119
8	Source	27054792	27122073	27178053		27360879