URL has about A$6.5bil in reserves. This is HUGE in anybody's...

URL has about A$6.5bil in reserves. This is HUGE in anybody's language. 672mil shares on issue. That means reserve size is $9.67 per share. This is nine dollars per share when we are trading at 2c. What is wrong with it? It has to be at least at 50c a share by now just as a TO price. There has to be something else what I don't see or don't know, or don't understand yet. Even if you spend another $200mil to build a processing plant and another $100mil, there's still $6.2bil of reserve to go. Why can't they borrow against reserve? Even at 30% LVR it would give them $2bil loan?