2.2 billion value versus a 20 m market cap

t aint 20$m market cap we have now here are some tips for those reading.

600k oz of gold at pinjin ( thats just initial inferred resource and thats very limited)
600,000 x 780 AUS$ oz for gold

* $468 million

Mt beavan with inferred resources so far of 2.2m tonnes of iron at $100 per tonne looking ahead to next year at the earliest

$2.2B

Elayina deal with ABU the joint venture has tunred up zinc platinum and silver
Newmonts JV deal which is still yet to drill
Plus about 20 other tentements GNL has

Elayina could have upwards of $500-1B in reserves

So conservative lets say they have 3 billion dollars market cap - reserves

Thats current market cap of $20m ish versus company possible value if they ever drill of $3B do the sums people do the sums

Feel free to poke holes in my sums this has been done out of interest and is just my back of envelope personal thoughts

Minus costs of building mines and operations theres still hefty potential. If joe is selling ( massive oppie dump yesterday and shares leaking like a sive) then it could move up any thoughts ?

Wake up ladies and gents GNL is sitting on a large cha cha cha