had an associate who is a MD of a producing ASX listed miner take a look at the presentation. His feeling to was "great grades but very narrow intercepts"
Anyway to me its an opportunity to replicate the likes of SLR but instead of putting in a decline they could put in a number of shafts and just narrow vein mine the deposit with airlegs.
With that grade they would only need a tiny 100K Tpa (guessing $20M CAPEX ) plant and the IRR would be very respectable.
I am free carried on this but thinking of selling another goldy to put more in this as it seems to be still undervalued.
Its like the SFR of goldies but without the market cap
equivalent values?, page-23
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Last
$1.53 |
Change
0.000(0.00%) |
Mkt cap ! $1.657B | |||
| Open | High | Low | Value | Volume |
| $1.55 | $1.57 | $1.51 | $8.302M | 5.447M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 54466 | $1.53 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.54 | 22299 | 3 |
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| Last trade - 16.10pm 10/09/2024 (20 minute delay) ? |
| GOR (ASX) Chart |