SVG 0.00% 2.2¢ savannah goldfields limited

Ann: Significant High Grade Resource Increase for Agate Creek, page-5

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  1. 243 Posts.
    lightbulb Created with Sketch. 50
    simple maths. we have gone from $880,000,000 gold in the ground less $10,600,000 already mined to $1,083,000,000 less $10,600,000 (that's at $2,300/oz. at around current prices)
    obviously costs and costs have to come out of that. So is that a significant enough high grade resource increase. it is an increase and we are going mining again.
    So the big question is - is that enough to bump up our SP. I do hope so as that is still a lot of gold in the ground and we have just reinforced that with an increase so we have to be worth a shed load more than a measly $26,000,000.
 
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