At early stages, I'm a bit more rough and ready.
Current gold environment I'd take a low ($100 US/oz IGV) x (amount of ozs) you think are there (2-5 million) and come up with a rough number.
Anyway you look at it, that's lower end and a lot higher than here.
Still value here is what it tells me, and judging by the nature of the buying it seems bigger players agree.
Ann: Spectacular results from Diamba Sud include 48m @ 6.70 g/t, page-85
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