$29 Billion worth of contained metal in Aussie dollars. If this...

$29 Billion worth of contained metal in Aussie dollars.
If this was a gold mine:
82 Mt @ 6.38 gpt or 16.8 million ounces at a 3/1 strip ratio in an ultra low cost production environment.

Assuming 2mtpa plant that’s 41 years processing 410 000 ounces
At 80% recovery
Producing 328 000 per year or 82 000 a quarter

That’s more than Saracen Minerals currently produces MARKET CAP $1.7B

So that’s 41 years of reserves...
Without drilling the out the Cu dominant ore contained in development shell.
No revenue/metal value attributable to the Cobalt that will be contained in pit shell. Re assays for all elements pending I believe so Cobalt will have a value in PFS.
No peripheral pit shell exploration.
No underground extensional drilling.
No along strike exploration drilling.
30 known gossans unexplored on property.

Yea yea, that’s if it was a gold mine with 80% recovery it would be Saracen 41 years reserves and some of the best green fields exploration targets maybe in the world at the moment.

Probably a sell fellas..