Around 10M tonnes at 2oz/t Ag ~$60/t resource value.
Nothing outstanding even before you do the reserve conversion.
Throw in the sulphide base metals (6M tonnes incl.) & you can add another $60/t.
Gold equivalent of $120 approx. 3g dirt.
The proofs in the resource/reserve conversion then a fair whack for a 1.2Mtpa mill capable of the flotation & multiple cons. Allow $150-200M for that!
Plenty of water to go under this bridge folks. Still looks in the black somewhere around NPV$50M I would guess. The market is right to be cautious.
Hardrock.
check these results, page-5
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ARD (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.8¢ |
Change
0.001(2.94%) |
Mkt cap ! $25.26M | |||
| Open | High | Low | Value | Volume |
| 1.8¢ | 1.8¢ | 1.7¢ | $16.96K | 976.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 6966398 | 1.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.8¢ | 631136 | 2 |
View Market Depth
| Last trade - 15.57pm 04/10/2024 (20 minute delay) ? |
| ARD (ASX) Chart |