I think Sydney is correct according to the announcements by ORD in the last few years.
LSI tenament (SARCO 51%) only has 20mt JORC resource. Yuqida tenament (SARCO 35%) has 110mt.
So effectively ORD's share of the resources is only about 23.8mt.
LSI (20mt x 51% x 49%) = about 5mt Yuqida (110mt x 35% x 49%) = about 18.8mt
ORD's presentation is very misleading based on the current figures. Would be interesting to see what is the new JORC figures for the two tenaments, and how much interest SARCO has in the listed company.
VAN Price at posting:
8.1¢ Sentiment: Hold Disclosure: Held