I grabbed a few more last week (should have waited till this week).
Even without further results we currently have 210,000T Cu resource (excl au and ag which really should be incl as it’s material)
This means every T in the ground is worth $238 on a MC/EV of $50Mil. Whilst the price is currently $13,000+aud. Rough numbers. That would be like $35us/$50aud an oz for gold in the ground which seems about right/fair.
Even if drill results don’t hit much there is still a valuable underlying asset here.
SVY Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held
