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0.8¢ ora gold limited

Ann: $5M Placement to Fast Track Resource Growth at Crown Prince, page-30

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Aljn

1,149 Posts.

115

04/11/23

15:49

Post #: 70728042
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Originally posted by plough: ↑

DEG is worth around $340 an oz ($2B cap/ 6M oz) for us to be the same value per Oz that would mean at say a market cap of $45M we would need 132K ounces all things being equal ie margin per oz .
We have the grade , we are not a lone soldier , and Crown prince so far looks to be free milling ore , unlike DEG's hemi resource which requires a POx circuit on the back end although our pathway due to small resource is toll treatment unless stand alone so we are at the mercy of a processor .

Hemi is only around 1.5 gram a tonne ore , I am betting we will be more than twice that , with a higher grade resource within that , which can be monetised initially with a 6 month payback on CAPRX .

At say a 4 gram a tonne ore body for 132K ozs we would need cc 1M tonnes of ore (132/ (4/31) ) be interesting to see what the MRE comes in at .

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Hey plough
you seem to know a lot about mining,gold in particular,I know OAU have very good grades
and hopefully more to come very soon,my question is what do you think about the SOI with the company trading at under 1 cent ,I am just looking for someone else's take in this.the decision is still mine what ever you may say.thanking you in advance.

Aljn

OAU Price at posting: 0.8¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 0.8¢		Change 0.000(0.00%)		Mkt cap ! $57.19M

Open	High	Low	Value	Volume
0.8¢	0.9¢	0.8¢	$365.0K	45.36M

Buyers (Bids)

No.	Vol.	Price($)
4	15077150	0.8¢

Sellers (Offers)

Price($)	Vol.	No.
0.9¢	17703796	17

View Market Depth

No.	Vol.	Price($)
4	15077150	0.008
12	13465285	0.007
13	50233832	0.006
12	5821772	0.005
4	3329951	0.004

Price($)	Vol.	No.
0.009	17703796	17
0.010	16335616	14
0.011	14191721	9
0.012	10814224	6
0.013	30000000	1

Last trade - 16.10pm 18/10/2024 (20 minute delay)

OAU (ASX) Chart