probably more than 500m if you equate the size of the resource to its PPM and it lack of impurities.
This is a waiting game people, let’s never forget the Rio paid $800m for Rincon that has lower grades and a current lower resource.
And I don’t give a flick about people highlighting how that was in better days.
That fact of the matter is that those days will return in force, when I don’t know, but anybody with eyes in their head can see that the EV transition has hit the global exponential growth curve the the hockey stick theory.
Same thing happened with computers, smartphones, microwaves etc. it took some time to hit market penetration then they went berserk!
Hold onto your panties some of you. You need yo have long timelines when you invest in species, and even longer timeline when you invest in an energy transition.
Not everyone is happy about this transition, especially big oil have yet to convert their enormous capital over the road, this will take sometime.
Best wishes all and I only view this as a temporary blimp on the sector’s radar.
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