Don't want to push, but Hartley's calculation seems very very conservative.
The valuation was based on a 20 year 1 Mt/p.a. scenario = 20 Mt resource in total.
Until now Birimian has already achieved a JORC of 15,5 mt + the estimated 3 mt from this week announced drillings = approx 18.5 Mt
That means almost no exploration upside from outstanding drillings is considered in Hartley's valuation.
An extreme pessimistic view...
Maigret
Don't want to push, but Hartley's calculation seems very very...
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