resource estimates again

As per the 7/9/11 announcement and the recent presentation to stock holders I did some number crunching.

17.4% heavy mineral content in the sands fraction which is an average of 62.5% of total sample mass. Therefore from 2B tons of sediment we have 1.25B tons of ?sands? fraction. Of this 217.5 million tons is heavy minerals.

The Mineral Liberation Analysis for the heavy mineral content which are of economic significant are:

41% - Magnetite (89,175,000 tons at $119 a ton, $10.6B resource value (I could be wrong with the iron price but that?s what it says on metalprices.com haha)

13% - Low iron Andalusite (28,275,000 tons, not sure the value)

11% - Illmenite and other Ferro-titanium oxides (23,925,000 tons, not sure of value)

0.9% - Zircon ( 1,957,000 tons at $30,000 a ton (assuming zircon and zirconium are the same thing), $58.7B resource value (this seems wayyy to high to be right but if its correct wow)

Also latest presentation to stock holders said 1M ounces of gold at 1800 an ounce we have $1.8B resource of gold.

Now heres the kicker, this is only 6000 hectares of the area, LRS holds up to 17,000 hectares which I don't think they would have taken up if they didn't think it had similar potential. This also doesn't include the Rare Earths that we have either. Looks like we're sitting on quite a big multi commodity play here!