Back to my earlier calculation, I have gone further (based on 10% of in-ground value):
Sandy Creek
15.97Mt @ 2.3% Zn/Pb= $932m
15.97Mt @ 5.4g/t Ag= $61m
5.4Mt @ 3.9% Zn & 0.6% Pb= $636m
5.4Mt @ 5.1g/t Ag= $19m
Djibitgun
19.90Mt @ 16.4g/t Ag= $231m
Therfore total value of Sandy Creek and Djibitgun so far is $188m (at 10%). Based on 193m shares on issue this gives a value per share of $0.98.
Therefore based on the current sp of $0.20, TNG is valued at only 2% of its in-ground resource inventory.
resource upgrade, page-22
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