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9.09%

0.5¢ ora gold limited

Ann: $5M Placement to Fast Track Resource Growth at Crown Prince, page-30

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Aljn

1,124 Posts.

112

04/11/23

15:49

Post #: 70728042
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Originally posted by plough: ↑

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 .

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Hey plough
you seem to know a lot about mining,gold in particular,I know OAU have very good grades
and hopefully more to come very soon,my question is what do you think about the SOI with the company trading at under 1 cent ,I am just looking for someone else's take in this.the decision is still mine what ever you may say.thanking you in advance.

Aljn

OAU Price at posting: 0.8¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 0.5¢		Change -0.001(9.09%)		Mkt cap ! $35.70M

Open	High	Low	Value	Volume
0.5¢	0.5¢	0.5¢	$30.20K	6.040M

Buyers (Bids)

No.	Vol.	Price($)
26	25951803	0.5¢

Sellers (Offers)

Price($)	Vol.	No.
0.6¢	22996522	22

View Market Depth

No.	Vol.	Price($)
5	2010989	0.006
27	26051804	0.005
33	26198147	0.004
12	14806666	0.003
9	5995398	0.002

Price($)	Vol.	No.
0.005	2040615	2
0.006	25496522	23
0.007	13576542	15
0.008	12436005	8
0.009	16516872	5

Last trade - 16.10pm 09/07/2024 (20 minute delay)

OAU (ASX) Chart