Watcher closely, page-38

All in all they are pretty well advanced and dwelled later on re how the drilling is still ongoing. Some obviously large refinement to estimate would be made. I suspect that post the LO they will release refinement numbers but the contract mining has already been ongoing leaving the LO as a mere formality. Not sure if the hands have already been greased or they will most likely be.. They are also tendering for infrastructure and mobilisation so we will have to see..

On target for Q2 production so with vale announcing they have missed the forecast by about 10M this year, sets the right stage for future returns to be lucrative.. All in all worth ~300-400 mil mcap for the next year based on the circumstances, ore pricing and time to production. Not worth parting with it until the production and first shipment happen which may only be about 9 months away...