Wanty.Hard to say until reserves fully proven, Certainly more than current SP on current announcements, one way to guestimate is the value of this resource to a Xstrata type company, They paid several hundered million for a mine of poorer grade several years ago, Based on info so far a couple of hundred million reasonable as they bring up to JORC. approx 100mil fully diluted shares on issue [or will be shortly 10 mil 50 c oppies to directors] so for every 100mil of value to an exstrata type company the SP wil go up a dollar. why xstrata because they are very close and a precedent was set several years ago when copper a fraction of current price. Factor in a retracement in copper pric over and above current price slide, Still comes up as possile multi bagger. My advice read all previous announcements back to November. Hope this is of some use
AUM
australian mining investments limited
Wanty.Hard to say until reserves fully proven, Certainly more...
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