Spidey, IGO Cosmos turf is arguably worth billions. The estimated capex just to develop the Odysseus underground mine project is circa AUD 1 billion which gives you an idea of the scale.
IGO Resources & Reserves Statement for Cosmos in Aug this year:
Cosmos JORC Resource - 67Mt @ 0.98% Ni for 656kt Ni
Cosmos JORC Reserve (Odysseus underground) - 10Mt @ 2.07% Ni for 212kt Ni
For fun, the contained nickel in 656kt resource is worth circa AUD 25 billion at current nickel price. And the 212kt contained nickel just in the Odysseus underground reserve is worth circa AUD 8 billion.
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