State one valuation of Boorara at the current MRE at 11 cents per sp based on rule of thumb valuation 1Moz adds $84m to MC - there should be 13 cent uplift. Discount this by 10% for dilution - and we get ~ 12 cents uplift from revised MRE around Jan 2018, so I presume the sp will double from current levels. And a further exploration premium uplift if the results from deep hole drilling are good.