13m buy at 0.7c, page-20

Appreciate your efforts Marcs, keeps the brain working anyway.

Just going on your earlier calcs to determine the oz's
275k oz (doing the maths post 6856151)

isnt torians share only 35% of this 275K?

if it is that 82500 oz (correct me if Im mistaken)

15mil mc / 82500 = $181 (well above the average, sp overpriced)

Lets assume that only 10 mil of market cap is attributed to madagascar gold = $121 (still above average)

5 mil = $60 (below average)


So 2 important factors.
Torian is not just a gold comapny, although it is the brightest prospect they have at the moment, What % of market cap is attributable to madagascar gold.

We dont really have a JORC, just guesstimates of the number of oz.

Torian have been pretty careful not to hint to much about potential resource size, they have already got a wrap on the knuckles by the asx. Its just to early and the 12.3 g per tonne is a bit rubbery.

So for me , to early but happy to sit and wait. I only came here for the rubies and diamonds anyway. I get my gold fix elsewhere.

Good luck all