Ann: Financing Arrangements - Mt Carbine Quarry & Mining Leases, page-160

Whilst I don't think having a strong top 20 is a bad thing, I totally agree that based on resource size, the fact mining permits are in place next to infrastructure SEI is crazy cheap compared to its peers.

Personally I think TGN has another  $30-40 million to be shed from its MC.  

KIS has killer grades but the island location makes it tricky to evaluate (plus after being torched on Pluton resources back in the day I'm a bit wary of island based resource stocks).