Current market cap is $69 million. With a JORC of 1 billion tonnes, Mindax is at 6.9c per tonne which must be one of the lowest values on the ASX currently, hopefully that is corrected a bit.
Not sure why there isnt a higher DSO figure. The drill results released at the end of July didn't look too bad and i was expecting a much higher figure. With 10 targets tested, their exploration target for DSO cant be much higher than 10-15MT DSO at this stage.
mt forrest jorc of 1 billion tonnes, page-5
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