At Mutooroo, the current JORC resource is 17.5 million kgs of Cobalt. There is scope to materially increase the resource base, as only approximately 700 metres of the known 2.1 km strike has been drilled to JORC resource status by Havilah.
Assuming this material increase in the resource base to 52.5 million kgs of Cobalt at Mutooroo, at Guerilla's above 5% ISV factor it would be equivalent to $2.43 per share (diluted).
Cheers
These are only my random thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional expert
Mutooroo Cu-Au-Co: SA's only Cobalt JORC Resource, page-68
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