For some comparison of Value etc.
Research Red 5 limited ( ASX: RED ) Look at their production, head grade, and AISC, debt and shares outstanding when they reported 60,000 ounces of gold in August 2022.
They were trading at $0.30 cents then with gold at $1,700 an ounce.
Open pit mine and 1.48g/t average, just belt feeding dirt in and alluvial mining as best they can.
West Mitts Mining: (ASX: WWI )We are sitting of average of 4.5g/t
First year production of 60,000 ounces as well
1 billion less share on offering
Will have way less debt
Have a production scope stage 2 of "up to" 200,000 ounces per annum
AISC cost is $1,000 an ounce as opposed to the RED 5 company mentioned above who is at $A1,750-$A1,950
Anyway,
Food for thought
@Oldgoldminer1
