You should not get too carried away by the announcement. The resource potential is one thing, but what of the costs of extraction, processing, etc. The inferred resource potential suggests the need for substantial extraction work.
So, whilst the in-ground resource may be worth what you have suggested, the net benefit will be far, far less. Even Pete know that, as he is (and remains) one of the first to talk of resource potential in net value terms (ie: net of extraction costs, processing, etc).
Also, there is then the matter of the taxes likely to be paid (over time), the timing to approval /extraction (ie: over what time frame, etc), and the little matter of 150% more shares on issue, plus some (all to be issued @2c).
So, a good announcement. But it's now time for some reality digesting to take place.
