AUL
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0.00% 28.5¢ austar gold limited

re: Ann: Capital Raising to Accelerate Explor... Well in gold...

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  1. vertigo
    11,416 Posts.
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    24/09/09
    09:32
    Post #: 5686446
    re: Ann: Capital Raising to Accelerate Explor... Well in gold explorers, $120/oz is considered an “average” EV/resource valuation, based on the calcs I did in the precious metals thread, the gold JORC at Granite Castle alone is worth a MC of $10 million, SP 10c. Yet it is trading at a 50% discount in addition to all their other projects...
    MNM Price at posting: 4.4¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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