Here's my very rough rule of thumb trying to work out an explorers resource value
generally use 1400 Aud AISC
POG of 2200
= 800 profit per oz
round it down to 600 for contingency ( told you it was rough)
then typically take 10% of in ground value IGV
10% of 600 is 60
so basically it's <jorc mre> * 60
so for DDD 171700* 60 = 10.3m
will be watching the scoping study for:
-increases in mre
-estimated aisc
Ann: Adelong Scoping Studies & Additional Drilling Campaign, page-25
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