Thanks. Assume the 500,000 ou resource is in fact a true resource, ie 100% recoverable, the share price would be 38.5 cents at a $100/ou profit margin.
At today's gold price of $553/ou and assuming net costs of $300-350/ou, the share price valuation easily exceeds 50 cents.
The point is that Legend is grossly undervalued!!!
50 cent share price valuation, page-3
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