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0.00% 1.0¢ artemis resources limited

Off to Singapore and London for weekend meetings with some of Artemis, page-81

  1. Grizzle1
    1,578 Posts.
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    18/10/17
    09:35
    Post #: 27987825
    I prefer this rough calc from @martin on ceo.ca....extrapolates at 2oz/tn.

    "400m x 200m x 9.5m (average thickness) * 2.5 SG = 1,900,000 tons Half belongs to Novo, half to Artemis = 950,000 Novo tons Using the grade found in the bulk sample trench (2 oz/ton). 950K tons * 2 oz/ton = 1.9M oz gold belongs to Novo Apply assumed profit margin of $700/oz. Novo profit (before taxes) = $1.33B"
    ARV Price at posting: 28.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 5  Upvote
    lightbulb Created with Sketch.  Great analysis
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