OKU 0.00% 15.0¢ oklo resources limited

Ann: Oklo Delivers Robust Initial JORC Resource, page-13

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  1. 4,848 Posts.
    lightbulb Created with Sketch. 1446

    Looking at the core...

    Measured + indicated is about 375+150 = 525kOz (just North Seko and near surface Koko)

    Conservatively shifting the cut-off grade to 0.3g/t-> 0.7g/t from table provided by company in release lowers find by 626.1/668.5 = 0.93
    Conservative estimate of current economically mine-able resource is 525koz*0.93 = 491koz.
    OKU’s MC is $73M (@14.5c) with about $15M in cash, so value attributed to current JORC resource and the prospective land is $58M.


    This equates to $58M/491kOz =AU$118/oz or US$88/oz.

    To me this iis very low given size of resource, pit-able surface access and future potential to increment this up in the near locations of JORC closer to 1Moz and surprise finds elsewhere in land under survey
    Last edited by trousergecko: 02/04/21
 
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