MVL
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0.00% 0.6¢ marvel gold limited

Resource v Share Price

  1. Jaffaroo
    236 Posts.
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    17/10/16
    23:38
    Post #: 19923911
    RM Research, in their latest report (available on GPX website), modelled how an increase in resource translates into increase in share price:
    upload_2016-10-17_23-20-37.jpeg

    The latest drill program is expected to more than double the PFS resource of 9.2Mt.

    Say it adds the 15Mt figure above = 24Mt/4km drilled or 6Mt per km drilled x 54km of strike identified by our geophysics = 324Mt @ 10% TGC = 32Mt contained ore.

    The share price starts to get interesting using RM's model above.
    Last edited by Jaffaroo: 17/10/16
    MVL Price at posting: 43.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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