sxp valuations, page-3

I was just being hypothetical....no-one's claiming they have 32 B tons.....(it's possible down the track though?)

But they are currently aiming for 2 or 3 Bill for starters, correct?

If they proved that 3Bill up, and it was the "right type" etc, then it would be currently valued at 10c a ton with M/Cap at 30Mill.

Do you know roughly what companies with 2 or 3 Bill tons are usually worth?...I'm trying to get an idea of an average price of tonnage in the ground per ton....if it retails for $70/100= then 10c sounds very low.....would 10% of retail value be more like it? (ie..$7 to $10 per ton in situ.)
Even at $1 a ton in situ would mean that SXP is worth 600M at the moment, since they have released JORC of 600M tons.
At 30M M/Cap it seems incredibly cheap, but perhaps I am missing something(s).