That's why the payback on getting the ramp is basically a given. However to obtain value of $130 Million (roughly a dollar a share) requires a lot more resource.
Not sure what the cost per ounce for mining/extraction/processing will be as underground costs vary so much depending upon deposit types and grade. Have to wait for Noront to do resource calculations to get a peak at those figures. My feeling is don't hold your breath because they'll be too busy hauling out gold to put a lot of time into a 43-101 .
I shouldn't try to outguess Nemis since once they are at the ore bodies they will be able to horizontally drill from underground and come up with a rough resource estimates for some of the ore bodies. Will be very interesting to see and maybe blow some socks off.