Rough calcs, page-5

Kate
There may be a few small cap or micro managers that could buy but not the bigger ones . Personally I like RXL as the discovery is significant on a global basis , Zinc I think will outperform over the next few years and thus I think the current discovery will be worth a lot more in years to come than my current valuation. As an example if I used a IGV of 500 , then the discovery would be worth 100m and the stock would be valued at 10-11c Big miners are interested in large multi decade deposits with significant production. Teena delivers on all these fronts