Just my simple calculation, assuming a threshold of .125 % WO3 Equivalent.

Measured & Indicated

199 Mio lbs W * 12 $ = 2.388 Billion $

75 Mio lbs Mo * 30 $ = 2.25 Billion $

Total M&I 4.638 Billion $

Inferred

88 Mio lbs W * 12 $ = 1.056 Billion $

44 Mio lbs Mo * 30 $ = 1.32 Billion $

Total Inferred 2.376 Billion $

Thats an In Ground Value of 4.5 Billion $. With a recovery of 80 %, it is about 3.5 Billion $.

Risk:

- I have no idea on costs.

- Metal prices are current. They could go down.

Any comments and corrections are highly appreciated.

dr