...how about 500,000oz of GOLD. What do you value that at Peter?
I'll give you a hand: Gold is currently trading at AUD 890 /oz. Now lets assume extraction costs are $450/oz.
Now get your calculator out, and take a look at the market cap of RAU.
I have assigned ZERO value to the Tungsten and still see value here. I have assigned ZERO value to the impending gold resource upgrade. I have assigned ZERO value to the Copper. I have assigned ZERO value to the Antimony samples that were recently sent to the Chinese smelter plant.
Hows that for starters PeterP?
Joel
BIG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held