I think the market might be working out that this company is going to be producing a fair few ounces of gold and the AUD gold price has well and truly broken out. By my calculation the NPV of the mining alone is close to where the MC is now... so what value do you add on the top for this new discovery?! Plenty of room to move here people
Ann: Huge Potential at Lake Goongarrie Gold Discovery, page-61
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