depends on how you price in inferred resource of 390mio tonnes...

depends on how you price in inferred resource of 390mio tonnes plus as the rock chip samples come through and as you say if FDL will have a go at mining itself....strip mining and trucking.

Do some back of the envelope NPV calcs assuming the probability of the inferred resource being there is closer to 100% by the day.....and the forward IO price news to come ..and takeover premium.

Lets through some numbers around via a simple model..as a mining analyst would...I don't think north of 50c in 3 monrths is that far off if all goes according to Kevin's plan...