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
MGO Price at posting:
34.0¢ Sentiment: LT Buy Disclosure: Held
