They said doubling the 12.4Moz in the last resource announcement so 25 Moz is on the cards
They also claimed that this represents only 10% of the anomaly so yeah I think in the long run this could be a 100Moz deposit. But more importantly the grades are very good (9-10g/t PGE)
This will take at least another 2 years drilling though.
I also like NKP. I think this market does not realise the significance of this project yet.
If you translate this to iron ore term lets say "250Mt haematite@65%Fe with long term 1billion tonnes @65%Fe".
Australian market pays too much attention to rubbish speculative stocks but lack proper analysts in areas such as platinum.
If IGC was in London then I see it as $1+. If NKP was just listed in London I see it at $3+ by now
Just my thoughts
IGC Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held