Imo legs up
- There's a climb to some sort of fair value for 800koz plus sexy co credits
1.0-1.5c
- then there's speculation that our drills turn up extensions and other lenses - 2c?
Because you have to factor what the prize is if they do find other lenses ?
2-3m oz gold and silver copper zinc that's got to be 10c or 100m mc??
(So is 2c a fair spec punt on 10c)
So how much should a base valuation for the bird in hand , then speculation of what is possible ? More than the bird in hand , but less than two birds in the hand .
Then - the wild card - other projects in the area ? !!!!
3-4-5c
Thoughts ? Lots of value and speculation to be had as the region is ripe .
Ann: Winmar acquires Lomero drill core and QA/QC data-WFE.AX, page-128
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