PDK, Great questions. One small piece to the puzzle is the silica value. At the AGM when quizzed, Frank explained that basic silica can get around $300 a ton. The grade we are have is looking around $2000 a ton. Frank said that they could sell the lot at $300 almost the next day, but were not going to just give it away, and were happy to hold and not spend any money until someone came along in their target price. Magix has previously posted his link to the video he took, which shows the visible size of the tenement, but would only be a guess as to how much we have, and whether it is all of the highest grade. I suppose, hence the reason to drill and gain a jorc so we know roughly $2000 x what. Based on Frank and Ben being adamant they wouldnt spend a cent on it until they had a customer, gives us great hope that we will not only know a value of resource soon, but have a contract with mega dollars attached. Someone might be able to extrapolate a rough tonage out of the video posted previously to multiply by a min of $300. Perhaps a nearest the pin type comp in the making. Invest Egate, this is in your area of expertise, no. Any guesses?
MHM Price at posting:
$1.07 Sentiment: Buy Disclosure: Held
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