shocking results from whumbal west, page-31

Wolf has agreed to purchase 100% of Hemerdon deposit,one of the largest deposits in the western world, for AUD$1,000,000, plus AUD$160,000 per annum rent. Separately a 2% net smelter royalty (NSR) is payable.

The global resource hosts 73M tonnes at 0.143% tungsten trioxide and 0.026% tin.The resource is based on 25,400 metres of drilling.

This is contained within a
large open pit with a strip ratio of 1.32:1.

price seems cheap, so how much would MtC. be ?