based on $3.56 per tonne CDS in theory would be worth...

based on $3.56 per tonne CDS in theory would be worth $3.56billion if they prove up 1billion tonnes. (The BHP deposit does have a premium though with a port allocation of 10million tonnes per annum.)

imo we'll end up with 1billion shares fully diluted which conveniently translates to $3.56 per share fully diluted (in an ideal world)

For mine I'd like to see 400million tonnes in TAS asap which could then be flogged off to line the coffers with serious development bucks for SA - this may well be the plan all along. Time will tell.