GAU great australian resources limited

placement after or before plat ann, page-2

  1. 7,421 Posts.
    lightbulb Created with Sketch. 1604
    Perhaps this may increase their cash position

    "SRK has calculated a global resource of 74,200,000 tonnes of Meresky Reef on the property at an instu grade of 4 grams per tonne PGE"

    This gives us,

    74.2m x 4 = 296,800,000 grams

    Converting grams to oz
    296,800,000 grams equals 10,469,323.2 ounces

    10,469,323 ounces @ US$1,300 oz = US$13.6 Billion

    GAU share at 37% = $US 5.035 Billion and $AUD 6.14 Billion
 
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