Not too sure what the cost of recovery is but Classic is sitting on half a billion dollars of JORC compliant gold reserves at Lady Magdalene alone. Add to that further increases from Lady Ada drilling and continuing good hits at Kat Gal and we have a company starting to look pretty undervalued at current market gap. Ball seems to be rolling since recent addition to the board.
Ann: 38% Increase in Classic's Gold Resource to 270,100 Ounces, page-3
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Mkt cap ! $3.017M | |||
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