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9.09%

0.5¢ ora gold limited

Ann: $5M Placement to Fast Track Resource Growth at Crown Prince, page-29

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grubarura

11,430 Posts.

578

04/11/23

12:42

Post #: 70726525
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Originally posted by plough: ↑

DEG is worth around $340 an oz ($2B cap/ 6M oz) for us to be the same value per Oz that would mean at say a market cap of $45M we would need 132K ounces all things being equal ie margin per oz .

We have the grade , we are not a lone soldier , and Crown prince so far looks to be free milling ore , unlike DEG's hemi resource which requires a POx circuit on the back end although our pathway due to small resource is toll treatment unless stand alone so we are at the mercy of a processor .

Hemi is only around 1.5 gram a tonne ore , I am betting we will be more than twice that , with a higher grade resource within that , which can be monetised initially with a 6 month payback on CAPRX .

At say a 4 gram a tonne ore body for 132K ozs we would need cc 1M tonnes of ore (132/ (4/31) ) be interesting to see what the MRE comes in at .

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once MD of small explorer explained that 1g per tonne is not much more worth than sand therefore 1.5g gives the Big value because of huge volume

higher grades don't need such a large volume

OAU Price at posting: 0.8¢ Sentiment: Buy Disclosure: Held
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Last 0.5¢		Change -0.001(9.09%)		Mkt cap ! $35.70M

Open	High	Low	Value	Volume
0.5¢	0.5¢	0.5¢	$30.20K	6.040M

Buyers (Bids)

No.	Vol.	Price($)
26	25951803	0.5¢

Sellers (Offers)

Price($)	Vol.	No.
0.6¢	22996522	22

View Market Depth

No.	Vol.	Price($)
26	25951803	0.005
33	26198147	0.004
12	14806666	0.003
9	5995398	0.002
9	47792033	0.001

Price($)	Vol.	No.
0.006	22996522	22
0.007	13576542	15
0.008	12436005	8
0.009	16516872	5
0.010	6245705	8

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