Has anyone bothered to research the Queensland Department of mines? Surely Barrick would have done some deep holes the management aren't telling us about?? They would have had to hand over the info when they relinquished the tenements.
With an an in ground 2004 jorc resource target at Duchess of approximately $400 million which is "normally" valued at about 3% in situ we'd get a value of $12million. And its just a target at this stage.
I imagine further drilling success at Hammer would bring some speculative buying. Plus upside from from the Pilbara. There's a lot to like but I think its not as undervalued as it appears.
Ann: Greater Duchess Copper Gold Project Exploration Update, page-97
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