I've been watching this for while, not yet entered
Remember, $2000 USD/oz all very well but what's the opex per ounce... Need to deduct that
15koz comes to $30m USD but if at a mine assume half that to mine and refine. $15m USD so $20m aud value if mined
$200/oz in ground value is a common ball park used, but agree it's high g/t so maybe up that. I'm with @Cpago55 that this should add about $2-3m to market cap
Sentiment - Not held, not a buy on this news but overall approaching under valued vs market
Ann: Initial High-Grade Gold Resource at Metzke's Find, page-17
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Mkt cap ! $70.26M | |||
| Open | High | Low | Value | Volume |
| 2.0¢ | 2.1¢ | 2.0¢ | $103.9K | 5.161M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 8253903 | 2.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 2.1¢ | 1266017 | 5 |
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