So the initial Monte Alto assays make me think we can probably get 1000m x 100m x10m of the high grade stuff there, or about 3mt @ 10% TREO. Say basket price is $30/kg. 300million kg @ $30/kg is ~$10bill. At a high grade most of this will be profit.
The exploration target at Pele is 30x this, ie 100mt.
Make that of what you will.
Market cap way off, page-27
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