Exactly it is a JORC Resource, look at the two corresponding tables, to even come up with an inferred Resource takes heaps of data, in MANs case loads of historic drill core analysis and compiling.
Hardly a "guess" as you put it but you know that anyway dont you
Looks like Li Carb prices $12,000 US so yes a drop alright as was last year, so then if 3Mt JORC compliant Resource comes in at say SUS12k per tonne Li Carbonate that equates to a in ground value of around what $US36 Billion, so around $59Billion Australian. Just back of envelope workings here?
Will be interesting to see where this Li Carbonate price goes over the year or two?
(20min delay)