are we near bhp mt alexander jv, page-30

oops ok just noticed the 2.2 instead of 22m figure in the oct 2007 annoucements on the original rock assay results. So thats 2.2m x 100$ so seems a more realistic $220 million reserve. That said is it enough to be commercial given that theres a lot of area out there to cover yet with BHP and JMS land both nearby. Could easily be a lot bigger depends on drill results

Still given the 20m$ market cap and a $220m reserve ( inferred) just at mt bevan on a few rock chips the shareprice is still dirt cheap