Good Oil,
Cap raising tactics aside, I am looking forward to your thoughts on the project itself.
Onkang target is first to be drilled, only 5 drill holes needed, then plan to mine within 12 months after defining a resource.
Taking the middle of the ground figures, 800,000 tonnes at 7 grams AU that is 560,000 grams of gold or 200,000 ounces.
At $800 profit an ounce, that is $160M
At a more conservative $400 profit that is $80M
Shallow deposit, easy toll treating, low labour cost, all permits in place, infrastructure and man power ready to go. Plant looks like ready to process the ore.
And this is only ONE target, what is there not to like in your view?
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