OAU 9.09% 0.6¢ ora gold limited

Ann: $5M Placement to Fast Track Resource Growth at Crown Prince, page-28

  1. 33,883 Posts.
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    DEG is worth around $340 an oz ($2B cap/ 6M oz) for us to be the same value per Oz that would mean at say a market cap of $45M we would need 132K ounces all things being equal ie margin per oz .
    We have the grade , we are not a lone soldier , and Crown prince so far looks to be free milling ore , unlike DEG's hemi resource which requires a POx circuit on the back end although our pathway due to small resource is toll treatment unless stand alone so we are at the mercy of a processor .

    Hemi is only around 1.5 gram a tonne ore , I am betting we will be more than twice that , with a higher grade resource within that , which can be monetised initially with a 6 month payback on CAPRX .

    At say a 4 gram a tonne ore body for 132K ozs we would need cc 1M tonnes of ore (132/ (4/31) ) be interesting to see what the MRE comes in at .
    Last edited by plough: 04/11/23
 
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