Wow ok - we'll have to agree to disagree there on the results.
Not sure why the comparison to NVA but welcome to invest over there if you like their story. For reference (and comparing apples with apples), at a 0.5g/t cutoff (MM8 report at 0.5g/t), NVA have around 1moz (not 4.7Moz)... ie: If MM8 were reporting based off a 0.15g/t cutoff, their resource size would be multiples of where it is now.
That being said, deposit style, mine design, capex required, location, permitting, infrastructure, mineral credits, AISC's, competence/experience of board and numerous other tidbits are all needed to be taken into consideration when comparing apples with apples (company wise).
On the topic of comparisons, Silverlake just made an offer to take over Apollo with 1.2g/t for 1.1 million ounces at multiples of MM8's current share price: :O
https://www.rameliusresources.com.au/wp-content/uploads/bsk-pdf-manager/2021/10/211015-Project-Tokyo-Transaction-Announcement-FINAL.pdf
The goal right now is just to expand the resource which in turn, adds value to the company. If they find something big along the way, it'll just be cream on top.
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Ann: 5m @ 11.4g/t Au intercepted at regional Meridian prospect, page-5
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1 | 17000 | 0.053 |
1 | 60000 | 0.052 |
4 | 506379 | 0.051 |
5 | 871400 | 0.050 |
Price($) | Vol. | No. |
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