Just another comparison for AGR guys to assess:Rio Verde...

Just another comparison for AGR guys to assess:
Rio Verde Minerals listed on the TSX - (RVD) recently published an economic assessment of its Fosfatar phosphate project - pls find the following assessment:
• Resource Size: 1.63 million Tonnes
• Grade: 20.3%
• Throughput: 206k tpa
• Strip Ratio: 0.36
• Mine Life: 8 yrs
• Capex: C$10m
• Annual Production: 150,000tpa
• Product price: $300/pt
• Total Operating Exp: $131.8/pt
• NPV: $62.9m
• IRR: 113%
• Payback Period: 1 Yr
• Strike Zone: 500 metres

I read this and nearly feel off my chair - the resource is tiny and they have a NPV of $62m - WOW..
The grades are impressive but a tiny resource - let’s look at AGR Tres Phosphate project:
They have just submitted to extend the prospective Phosphate zone from 1km to 2.4km.
The grades at 10m was Av 15.15 P2O5
Estimated resource Size: 30 - 50 million tonnes
Resource estimate expected in April - surely if they released a resource close to 30 - 50mt the SP would be $1.5 to $2.. plus the Potash - interested to hear what you guys have to say!!! Am I missing something here – Why is AGR still sitting at $0.50