I believe the JORC value is actually around $13B (yes, that's a B) The $160M value is what the project is valued at at this stage of development, as it will take quite a lot of capital to bring it up to a producing mine. This of course makes it a fantastic candidate for a JV with a small free carried % for RMI, or for the project to be completely onsold to a third party for a considerable sum....
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1 | 450000 | 0.008 |
1 | 85850 | 0.006 |
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0.017 | 133750 | 2 |
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