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10,295 Posts.
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16/05/13
09:35
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Check the enterprise valuation per ounce here
http://www.goldminerpulse.com/gold-mining-valuations.php
Given the low mining cost we might be at the upper end of that group.
Conservatively I think we can expect about 30% maximum of a JV, if there anything there.
Say there is a 1m ounce resource.
1m x 0.3 x 150 = $45m
And that's after the resource has been defined. Well shy of your $1.
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