Just to provide some context with the recent higher move in POG:
The Scoping Study was undertaken at US$1,850/oz gold.
As I type, the current POG is US$2,155/oz which equates to a 16.5% increase on the scoping study base case.
According to the Scoping Study sensitivity, a 15% increase in commodity prices (see below) leads to an increase in the Post Tax NPV from US$394.6m (A$598.72) to US$547.9m (A$831.32m).
Nevermind that the scoping study is only based on 1.134Moz AuEq of the total current Sturec resource of 2.868Moz AuEq.
...And yet our MC is A$32.12m...
Crazy.
The Gold Gods are delivering Gino quite the negotiating position.
Ann: Update on Offer Received from Trans Metal Fund LP, page-44
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15.0¢ |
Change
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Mkt cap ! $29.55M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 15.5¢ | 14.5¢ | $29.37K | 193.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 5 | 47208 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 15.0¢ | 10000 | 1 |
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