Looks very cheap here, just on the gold.
I grabbed a few on Friday at/below CR price.
And today drilling started announcement comes out.
At 6c:
EV $3.8M
Cash $2.0M
MC $5.8M
Previous results from 2017 of up to:
- 1 ounce/tonne gold
JORC due after drilling.
Resources can be treated through nearby gold processing facilities.
Looks like a good punt from here.
Cheers,
GB.
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