Is this the technical report you refer to?
https://web.archive.org/web/2012042...nal/reop2006/technicalreport/techreport10.pdf
The mining license areas range from 0.8km2 to 11.0km2. By way of example the T17 Open Pit is 1.7km2 and has indicated resource 11.7 mt @ 0.67% Co for 78,390 t contained Co. That's huge.
Unless I am reading it wrongly, I think while 250,000 tonnes (to trigger the US$20million payment) is high,it is quite possible. In fact this technical report kind of gels with the TAR announcement in terms of ballpark expectations.
Is this the technical report you refer to?...
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