The following chart shows a "back of envelope" estimation of MRE based on known information.
The calculations assume similar mineralisation in a 200m x 200m plot with drill collars located centrally.
Future infill drilling may or may not confirm these estimates.
My calculations may not be correct, if they are close to the mark a good indication of the potential of Luni project can be seen.
With more assays and drilling results due, these estimates will probably double very quickly.
Hard to imagine the outcome as the unfilled plots are progressively included.
An estimated EV/ resource valuation on these figures indicate a current value of around $10.35 per share.
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The following chart shows a "back of envelope" estimation of MRE...
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