MGO 0.00% 14.0¢ marengo mining limited

32% resource upgrade, page-9

  1. 279 Posts.
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    For interest i did a quick tot up of contained metal value after the upgrade

    6.5Blb Cu @ $4.40 = $28.6B
    204Mlb Mo @ $16.30 = $3.3B
    2.2Moz Au @ $1400 = $3.1B
    42Moz Ag @ $33.50 = $1.4B
    1.5Moz Re @ $600 = $0.9B

    Total contained metal value of $37.3B and doesn't include the deep drilling results which were very positive by all accounts.

    I know there is a long way between metal in the ground and actually selling it but when you compare the above to current market cap of $340M and consider the relatively low projected cash costs of extraction the upside potential is mouth watering (i find it so anyway)

    Can't wait for the DFS

    Cheers

    T
 
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