Veritas valuation was based on 47mT @38%Fe, for a total of 27mT...

Veritas valuation was based on 47mT @38%Fe, for a total of 27mT equivalent @ 65%Fe after benefication.

the last Q said we now have 153mT @22%, for a total of 51mT equivalent

that is about a 90% increase in resource

if they manage to keep the costs down (which is what i think punters are still skeptical of, esp after that news article suggested a much larger capex than expected) then i guess we are looking at a much higher NAV than $2.42