Similar IGV inputs and results to my calcs there Slack. Except show me a Ni or Cu exploration company (i.e. pre-development) out there who is looking at an u/g proposal, and has a MC greater than 4% of the IGV of their JORC compliant resource.
Given this first conductor has hardly been scratched on the way to a JORC compliant estimate and diamond drilling doesn't come free, then IMO, this conductor, outside of extreme upside surprises, is well and truly priced in and further upside in SP is within the other conductors. There appears to be at least 4 more conductors on this trend, then therein lies potential to unlock plenty more IGV over time.
more thick nickel sulphides, page-21
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