WA1 0.73% $15.08 wa1 resources ltd

General discussion, page-8536

  1. 1,378 Posts.
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    No chance he can do that.

    I try to take a conservative view and compare it to gold.

    Looking at the current inventory I have calculated of 140mt at 1.1%, I can see a potential reserve of say 80mt at 1.5%. Using a recovery of 60% that gives the equivalent recovered gold grade of 5.5g/t. Or 14m oz.

    That kind of gold deposit would be valued at a minimum of $1000 per oz or $14bn.
 
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