old srk mt bevsept 2011 report to think about!

http://www.proactiveinvestors.com.au/companies/news/19900/hawthorn-resources-exits-halt-on-mt-bevan-update-19900.html

In summary and also posted on the LCY thread:

This is amazing re SRK at the time of the report we only had 617 Million tonnes at BEVAN and SRK's valuation for both LCY and HAW's share are blow.

617 million tonnes at Mt Bevan:

LCY (60% share) - 104.5 million dollars - SRK valuation September 2011

HAW (40% share) - 69.7 million dollars - SRK valuation September 2011


I know Iron Ore prices have dropped over the year but now with over 2 billion tonnes confirmed (and who knows what the latest round of drilling results will be that they are holding back) so what is the whole BEVAN project worth now???

Alot more than $104.5 million to LCY and $69.7 million to HAW (In my opion only)

Have a great day