My understanding is that there is a proven 2m ounces of gold in the ground. by international standards its valued at $70 per ounce. So that values the company at $140m . not $25m presently.
Hardman is a little ambitious re the mining which is not soon but 2 plus years out.
However further exploration might increase the in ground value by a number of million ounces.
With the aussie going down one has to put ones money elsewhere why not gold. I wish to invest in gold but
future and exploration gold companies like CVY with low cost expectations like Oceana in the Phillopines.
- Forums
- ASX - By Stock
- 20c by xmas?
My understanding is that there is a proven 2m ounces of gold in...
-
- There are more pages in this discussion • 17 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)