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7,030 Posts.
1461
30/04/07
21:07
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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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