Interesting to compare Musgrave with Ora.
Musgrave announced intersections at Cue Project as follows:
9/06/20 - 18m @ 179.4 g/t (3,230 gram meters). Added $38.5 million to Market Cap. AUD gold price circa $2590/oz.
6/7/20 - 85m @ 11.6 g/t (986 gram meters). Added $38.3 million to Market Cap.
Ora announced intersections at Crown Prince as follows:
28/6/23 - 40m @ 17.53 g/t (701 gram meters). Added $4 million to Market Cap. AUD gold price circa $2980/oz.
23/8/23 - 40m @ 16.22 g/t (649 gram meters). Added $9 million to market cap.
In my humble opinion based on gram meters the market hasn't yet fully rewarded Ora for its recent results. Musgrave added $38.3 million based on 986 gram meters. whereas Ora added only $9 million on 649 gram meters and $4 million on 701 gram meters.
Ann: Change of Registered Office & Principal Place of Business, page-7
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