I can see Hog Ranch coming up with a 5m plus Resource over next 18 months similar to Corvus Gold which is currently at 3.5m ounces but growing with further drilling.
Corvus Gold based in Nevada has a A$400m market cap. They maybe ahead of us in Resource definition but you can see how undervalued Rxm currently is.
Corvus Gold current Gold Resource as of Sept 2020
Project 1 Nevada
Mineral Resource•Gold:
2.1Moz M&I, 0.41Moz Inferred
Total M&I
24.67M tonnes ,1.31g/t , 1,037,000 ounces
167.47M tonnes , 0.20g/t, 1,070,000 ounces
Project 2 Nevada same location as project one 20 kms away.
Mineral Resource•Gold:
1.6Moz M&I, 0.17Moz Inferred
20.98M tonnes, 1.49g/t, 1,002,000 ounces
39.26 M tonnes 0.44g/t 550,000 ounces
I can see Hog Ranch coming up with a 5m plus Resource over next...
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45.0¢ |
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Mkt cap ! $352.4M | |||
| Open | High | Low | Value | Volume |
| 45.0¢ | 45.5¢ | 45.0¢ | $428.3K | 948.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 4990113 | 45.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.5¢ | 3250591 | 33 |
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| Last trade - 13.58pm 19/08/2024 (20 minute delay) ? |
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