It’s all about market cap, forget consolidations etc
there are 5.622 billion SIO
MC of $560m = 10c/share
to justify that MC (& at a very conservative in ground valuation of $100/oz) the company needs a resource of 5m oz
i am more than happy to be shot down on this simple calculation but I am trying to be realistic. I am the first on who wants this to be worth more than 10c/share but I just don’t think a resource that size is achievable
please correct me if I am wrong
Ann: Further High Grade Gold Intersections From Crown Prince, page-44
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