Exploration companies are often valued at 1-2% of their IGV,...

Exploration companies are often valued at 1-2% of their IGV, which gives a potential 500M-1B once it is better defined and confirmed (by the end of 2018 hopefully!). Given that mining studies have already been done, they are fully funded in the short term, and are more likely than most to proceed into mining, we can err on the high side imo, less the risk that the western areas are not as rich as the current resource.