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