Last CR $11million take $2 million for administration wages etc. $9million ÷ $15 (Cost of discovery per ounce)= 600,000 Oz. So my estimate for the resource upgrade is 2.1 million Oz. That will move that share price a bit, but the big mover for SP is decision to mine. A stock to compare would be CAI with a MC of $240 million. AUC MC $60 million. That is a 4 bagger from now to building the plant. = 0.15¢ a share, hopefully that decision is made mid 2022.
Ann: Corporate Presentation October 2021, page-17
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