"That is: 1,225 Billion tonnes Inferred + 700 million tonnes...

"That is: 1,225 Billion tonnes Inferred + 700 million tonnes (approximate calculations)of INDICATED JORC Resource...."

They are upgrading their existing inferred resource to indicated and not drilling a new deposit, therefore they will still have around 1.2Bt "total", but with a signifant part of that in the indicated category. Having said that, they may have extended the deposit west which could therefore add to the overall resource.

Nonetheless, this is a massive resource on its own and with the higher level of certainty that JORC Indicated brings, it should not be worth a measley $100m.

And to think they've come from a 70mt-90mt initial target to end up with over 1Bt is just absolutely amazing. Maybe it doesn't stop there and there's more?