I did some back of envelope calculations a while ago and come up with a circa 250,000 oz @ ~2.5g/t as an initial resource estimate open pit from HZ alone.
Musgrave has ~900k oz and got taken out for 200 million.
The beauty here is that we have heritage clearances and mining licences in place.
I can see a 200 million dollar takeover in the future, after some dilution taking us out to 1 billion shares.
The upside for me is a 20c share price. (1B x 20c = 200m MC)
8 bags from here Id be delighted with.
Ann: Aircore Drilling Extends Highway Zone Potential by 650m, page-40
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