I agree that not all will be economically viable, but to say 3/4 will not be viable is significant and more then the average for a line. Particularly a mine with our high grade.
@betman even if you go conservative and use 70k oz at AUD $500 gives you revenue of circa $35m. When you add in ownership percentages, that gives circa $24mil.
With industry average of around 12 multiples, that gives a value of 288m. Add in value for historic 4.3moz and WA property, then it’s easy to see a MC of circa $350mil or SP of $.25c
THE 4 MILLION OUNCE BET, page-6060
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Mkt cap ! $40.66M | |||
| Open | High | Low | Value | Volume |
| 1.6¢ | 1.6¢ | 1.6¢ | $4.09K | 255.6K |
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| No. | Vol. | Price($) |
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| Price($) | Vol. | No. |
|---|---|---|
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