Guys, following on from what we worked out last night, lets try and also give a value on whats remaining at Mandilla.
From latests ASX announcment - QRT report - we have:
Processing of 51,000 tonnes of stockpiled gold ore commenced at custom mill.
• Indicated Resource of 356,800t @ 3.04g/t Au for 34,873 ounces estimated for East Mandilla bedrock deposit.
"During October 1800 oz of gold were sold at an average price of $A828."
East Mandilla:
"Indicated Resource 356,805 tonnes @ 3.04g/t Au for 34,873 ounces (25g/t cut)"
So, another 35,000 OUNCES of 3.04g/t gold found at East Mandialla.
That should yeild, say, $25mn in gross sales/gross revenue or another $12mn+ in CASH/NET PROFIT
At present, cash in bank is $9mn.
So, when this ore is processed and sold, we should have $9mn+$12mn = $21mn CASH IN BANK
That equates to a 4-5cent share price on its OWN!!!!!!
And that gives/provides for no exploration value.
So, lets not give any other value on Mandailla (even though its highly likely MORE GOLD WIL BE FOUND THIS QUARTER).
Therefore, Mandilla = 5cents!!
That means, all of the following - $20BN USD IN IN-GROUND-VALUE - are valued at 5 cents a share or $25mn.
But, does $20BN OF IGV = $25mn in mkt cap????
I DONTTTTTTTTTT think so! Maybe today, but not tomorrow imo.
Koongie:
IGV = $1.2BN USD [as per company release]
Victoria River Down:
Company say that they are "intially targeting 50-100mt zinc @10%".
Using a mid-point of 75mt's, thats a resource of:
Resource: 75mt [as given]
Zinc: $1 US/lb
= $1*2,250
= $2,250 US/tn
(simple conversion from pounds(lb) into tonnes(t))
Grade: 10% [as given]
So:
75mt @$2,250 US/tn @10%
= 75mt*2250*0.1
= $16,875,000,000 USD
IGV: IN-GROUND-VALUE = $16.875BN USD
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- right now reminds of bmn when bmn was at 40cts
right now reminds of bmn when bmn was at 40cts, page-5
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