DYOR - stop sealioning.
Read the announcements Chines, they plan on producing a super rich gold concentrate and transporting that over the border for smelting.
300M capex? did you see the process circuit lol. it's as simple as it comes. 6-12months realistic story is extension targets drilled, underground component up to 500k ounces at high grade. overall JORC probably 1.5-2m.
probably a SS or PFS already completed in 12 months I'd say. from there I'd say direct to small scale start up pending investment interest. if not can add another 6-9 months to run it to DFS/BFS level.
that said the benefit of the mining licence is they are able to mine it as soon as they know it's viable. in this instance the studies are only to obtain finance for small scale start up which tbh shouldn't be too difficult given the opportunity.
rather than throw mud hope it sticks why don't you spend more than 30 seconds to research the current status of the company and the opportunity that presents.
if that's done in 12 months no reason this stock should be worth a dollar. which is actually only 150m market cap. general rule of thumb 1m ounce 100m market cap. they'll have 2m.
check peers me/ounce value mtc is a fraction of the rest.
SF2TH
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15.0¢ |
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Mkt cap ! $29.55M |
Open | High | Low | Value | Volume |
15.5¢ | 15.5¢ | 14.5¢ | $29.37K | 193.9K |
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No. | Vol. | Price($) |
---|---|---|
5 | 47208 | 14.5¢ |
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Price($) | Vol. | No. |
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15.5¢ | 50429 | 2 |
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No. | Vol. | Price($) |
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5 | 47208 | 0.145 |
3 | 32200 | 0.140 |
1 | 10000 | 0.130 |
4 | 98250 | 0.120 |
1 | 10009 | 0.100 |
Price($) | Vol. | No. |
---|---|---|
0.155 | 50429 | 2 |
0.160 | 31250 | 1 |
0.170 | 140600 | 2 |
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0.180 | 80000 | 1 |
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