So if gold in the ground is priced in between 100-200/ounce (as someone mentioned the other day) and we're sitting on 2.2m so far, that's $440,000,000 on a best case scenario. We're currently around 5x that in terms of market cap. If we end up with another 3-4m in the MRE, for a total 6ish million oz, at $200/oz, then that's $1.2B. Which is just more than half of where we sit. Someone tell me why this is wrong....or is it?
160, page-55
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Last
$1.22 |
Change
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Mkt cap ! $2.911B | |||
| Open | High | Low | Value | Volume |
| $1.20 | $1.23 | $1.19 | $5.815M | 4.802M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 56832 | $1.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.22 | 161716 | 8 |
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| DEG (ASX) Chart |