have a look at srk.
Market cap about 250 million. Currents JORC 172 million, at 63%. INTERNATIONAL MAJOR LOOKING FOR A SLICE. Sure its not in the pilbara, but Peru is cheaper in almost every way,ie labour etc (except shipping,accepted). With a hoped for total reserve of 1.3billion it is a massive reserve. So many invesers have the blinkers on, assumng it mst be in Australia. Have a look at where half BHP/RIO's mines are. . . ..
