3.4m total. Throughput of 100k a quarter = 8.5 years.
As discussed Bentley is open at depth and in numerous directions and this will turn up more metal, however I've just used figures that are reported.
The other jokers in this pack are:
Teutonic Bore which has another 1.4m and Stockman which everyone seems to be forgetting. This has a resource of 12.5m (2.1Cu, 4.4Zn, 38Ag). Argonaut have a value on this alone at $90m (15c a share) as is.
The RSPT tax has a lot to do with the depressed share price, mainly because its a highly profitable mine and all the capex has been written off. Combine that with base metals being smashed in the past couple of months and inventories growing.
Zinc miners will turn when the world markets stabilise. On a development front, there are hardly any new mines coming online, you only need to look at the CBH takeover to work that out.
Pep
JML Price at posting:
32.0¢ Sentiment: None Disclosure: Held