Good comparison. Yes your calcs do seem right except for one big error.
The 40,000 oz does not take into account the latest discoveries yet to be quantified.
I reckon by 3 years we could be closer to 80,000 oz plus pa.
I don't want to jump the gun too much here on estimates, but I think the JORC will be at least 1 million oz without adding the ridiculous amount of high value targets identified by IRG scanning that need proving up.
On your figures which do look reasonable my $2 forecast is unrealistically low. I am not sure now what the figure will be.
Brad Gordon wasn't wrong when he suggested we will become Tier 2 gold producers which puts us in the category of Evolution, Northern Star etc..
There is no doubt about it IMO this stock is going to fly! I just hope the price remains low into next year as I want to seriously beef up my holding about mid-year.
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Last
2.4¢ |
Change
-0.001(4.00%) |
Mkt cap ! $6.746M |
Open | High | Low | Value | Volume |
2.4¢ | 2.4¢ | 2.4¢ | $0 | 3 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 66548 | 2.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.1¢ | 68328 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 66548 | 0.025 |
2 | 107574 | 0.024 |
1 | 99320 | 0.020 |
1 | 500000 | 0.010 |
1 | 100000 | 0.009 |
Price($) | Vol. | No. |
---|---|---|
0.031 | 68328 | 1 |
0.032 | 49438 | 1 |
0.039 | 13751 | 1 |
0.040 | 165307 | 3 |
0.045 | 100000 | 1 |
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