I have seen higher IGV's used for some of the bigger players. Also read FS's (I've got the original from BBY & others) notes just then, so makes sense if one were to use a higher IGV. That in itself would add a lot of value to the overall potential.
For the time being, I've been overly conservative with 0.20c-$1 IGV of the ore, & am happy with my calcs of 747.5-805MT (without Area A) or 850-991MT (with pre-drill estimates for Area A) for E47/882 only.
Add to that pre-drill fig's from E47/1560 of 121-164 MT, we have 971-1155 Billion Tons .
IMHO, once the estimate is public knowledge then we can use a higher multiple & ($2/4/5) for sure.
Quick question for u/others on this forum, where did u hear abt RIO mayb interested in the future, was it on the BRR/AFR or other sources in the media?
We know the rich neighbours & current interest around their blocks, so who knows, it could all come together later on.
cheers
FMS Price at posting:
9.0¢ Sentiment: None Disclosure: Not Held
