Announcement by SRK below:MARKET ANNOUNCEMENTClarification of In...

Announcement by SRK below:

MARKET ANNOUNCEMENT
Clarification of In Situ Value Estimate
The Company refers to its market announcement released earlier today where it provided a JORC
Inferred Resource estimate of 172 million tonnes (grading 62.28% Fe) for its Apurimac Project area
and where it was stated:
• Based upon an iron ore price of approximately A$55 per tonne, the in situ value of 172
million tonnes of iron ore at this grade is approximately equal to A$9.5 Billion

So if in situ of 172m tonnes of hematite is about $9.5B then, 1.0B tonnes for SDL is approx $55.0B.

Ok, a long way off. BUt just a thought