@Wack @binwood so is my basic reading of this as follows
existing - 92m oz AG (indicated and inferred)
301m shares outstanding (including the 5m for this transaction)
PLUS we haven’t even started the additional exploration
= 92m / 301m = 30.5c / share of AG in the ground
YET, YET AG trading at $48+ AUD / OZ
so assume what 80-% recovery as conservative so 92*80% = 73.6m oz recovered = $3.532 B AUD = $11.74/share
less AISC say $30 AUD in Argentina (completely pulled that out of my ass), = $2.76B AISC (happy for the more learnered to update)
POTENTIAL AT 80% recovery of EXISITING resource
so - $3.532B - $2.76B = $772m AUD OR
$2.56 / share or 15X from here???
Am I smoking something here, Risk / reward seems pretty good doesn’t ???
Granted we probably won’t mine it and will be taken over but am I off with the pixies? If so ill gladly delete this post.
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