5hareholder,
Might not the main fundamentals affecting SP be:
a) Production costs (including transport) per marketable tonne, and,
b) Financial aspects of the company (debt, not diluting shares etc),
rather than the size of the resource?
This article (although possibly biased) makes that point:
http://www.aurox.com.au/assets/Uploads/070716_stateone_stockbroking.pdf
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