Strickland (Millrose proj.) $61m 346,000 oz @1.8 gt (inferred). $175 per oz
Solitice. $12.5m under deep cover no mining lease or permits 50km plus to mill. 170,000 oz @1.1 gt absolutely dog shit proj. $92 per oz
NST are willing to truck over km ore with less than 1gt.
NST injected 16m by memory into NXM who came up with 175,000 oz (recently reassessed and spruced upward). NXM'S ounces are more difficult to access and about 12km to one pit and 50km to the other. NST's cut of NXM ounces (10% of the original 175,000oz) 17,500 for $16m spend.
You can start to form a picture now of what a granted mining lease 3km to mill might be worth! from surface 20m ore bodies of broad feed suitable for their mill. They'll need to pay up, as AP'S stated they won't be giving the ounces away. Think multiples imo or OZM mines it themselves. Carasue has been run on .05 gt ore profitably, it's about quality of ounces.
Love to hear others thoughts.
OZM Price at posting:
5.0¢ Sentiment: Buy Disclosure: Held
