right now reminds of bmn when bmn was at 40cts

Truly does. Both have multi-billion dollar resources.

BMN obviously uranium in Namibia.

AAR copper, zinc et al [ie, base metals] throughout Australia - WA and NT


Check out the following, recently released company presentation.


An IGV (in-groud-value) of $1.2bn is put on Koongie.

And thats an early estimate. You'll see the company themselves compares the project to JML's Jaguar, to OXR's, to TZN, to CopperCo, to....

See page 15.

http://www.anglo.com.au/_content/documents/552.pdf


These comparison companies are multi-hundred-million dollar companies.


When are thus far valueing this project at around $30mn (assuming a conservative $5mn value given to VRD, $9mn cash and say another conservative $5mn given to Mandilla)



Now, thats projects 1. Now for project 2:

Victoria River Downs:

Company say that they are "intially targeting 50-100mt zinc @10%".

Using a mid-point of 75mt's, thats a resource of:

Resource: 75mt [as given]

Zinc: $1 US/lb
= $1*2,250
= $2,250 US/tn
(simple conversion from pounds(lb) into tonnes(t))

Grade: 10% [as given]


So:

75mt @$2,250 US/tn @10%

= 75mt*2250*0.1

= $16,875,000,000 USD

IN-GROUND-VALUE = $16.875BN USD