The total resource is measured by indicated resource, we have at Mt.Carbine........$180 ml in tailings .......over$5 bl in hard-rock in ground. Iron duck at around @12bl. Peterson''s load limited drilling $1.5bl........ Chile who knows...... but $500ml is a reasonable estimate.The deal does not effect what we have in value, more to the point is it gives us a guaranteed sale through Cronement. The deal does not effect the total value of our asset. Also we have a $3 to $5ml income from road base or what is called rejects. We also do not need a BFS as we have funding with an off take attached. Sentiment is the driving force behind market cap. Market cap is driven by sentiment ......the number of shares on issue on x the share price. Having a deal increases sentiment, re-rating increases sentiment.
SEI Price at posting:
2.9¢ Sentiment: Buy Disclosure: Held