FIS have now released the independent expert report on Mt...

FIS have now released the independent expert report on Mt Thirty. good background on the deposit and importantly metalurgical characterisics. Values 50 % of Mt Thirsty at somewhere between what Barra spent drilling , $1million, and what you pay for "comparable" resource elsewhere ( $50million)

Since Mt Thirsty is absolutely unique in the world due to its high cobalt content and high recoveries of cobalt/ managanese in atmospheric leaching, valuation is difficult as it is not comparable.

Basically this is a highly leveraged cobalt play. If you believe high cobalt prices are here to stay for the next 5 years and the heap leach works ( 50% of heap leach projects fail) then Mt Thisty is worth whatever numbers you plug into the spreadsheet .

The numbers I plug in say its worth a lot more than $50million.