From memory Mns has a resource size of around 174million tons which is a great achievement especially when you consider grades attained however I think the next resource upgrade for VRC will at least double Mns Nachu deposit making us the largest super/jumbo flake resource in the world. My guess is a conservative 350 odd million tons !
Mns has lead the way in the optimisation race and has had around a two year head start on Vrc so IMO the time is nearing for Vrc to play catch up on the Mns market cap and lest we forget the NPV for Vrcs Namangale resource is around 1 billion $s .
The big deal, page-18
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