4.6M Tonne Resource at current price of about $US100 =$460 Million.
Also Potential for another 4-5million resource. Double the above to almost $1Billion if succesfull. Read OEQ Announcement for these details.
Announcement also states that negotiating with OEQ to buy remaining 75% stake. Purchase will be done via additional shares in SRK to OEQ.
Fantastic Asset and Cash Maker here.
Dont think this project is even factored in the share price of SRK.
Fantastic news keeps on rolling.
quarterly, page-5
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