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0.00% 0.6¢ alice queen limited

Ann: Horn Island Phase One RC Infill Interim Results, page-13

  1. sydneysider
    4,747 Posts.
    lightbulb Created with Sketch. 1005
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    05/03/21
    11:01
    Post #: 51543642
    Takeover target for SBM. Assume that AQX 100% owned resource is +650,000 ounces (currently 500,000) and 20% interest in JV for conceptual target of 2.4M ounces (per SBM estimate based on current data set) for conceptual target of 480,000 ounces. Total target 1.13M ounces at current EV of $24.26 per ounce. IMHO should be 3x this number. Waiting on further drilling data.
    AQX Price at posting: 2.6¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 12  Upvote
    lightbulb Created with Sketch.  Great analysis
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