Ann: CRITICAL MINERAL BISMUTH ADDED TO ROVER 1 AS PRICE SURGES, page-8

Hi,
Castile reports a resource of 315,400 oz Gold. Today's market cap is just shy of A$20 million. A$20,000,000/315,400= A$63.41per oz Au!
I know these 315,400 oz Au are resource, nor reserve, however with the cobalt, copper, magnetite, and bismuth values we surely have AT LEAST 315,400 oz Au equivalent reserves at A$63.41/oz which is US$40.87 just now.
According to May 16th KWN article:
M&A activity was active as companies sought to replace declining reserves since it is cheaper to buy ounces on Bay Street than to explore. With miners today generating huge cash flows and after having dusted off old projects, they are looking to replace depleting reserves. Last year, M&A activity showed that the average paid for an ounce of in-situ reserves was close to $250/oz.

If my theory is correct that we have 315,400 oz Au equivalent reserves, then CST would be worth up to US$ 250 X 315,400 = US$78,850,000 or
A$122,300,000.

This theoretical valuation does not consider that CST have virtually a whole camp which is a repeat lookalike of Tennant Creek, or the previously identified Explorer 108 which looks like a 4 million oz high grade Silver, lead and zinc mine, Explorer 142 which is a copper gold mine in the making, and all the other 100+ undrilled anomalies.

The optionality here is extraordinary. Optionality is something Pierre Lassonde looks for!

So we are waiting on lab results for Pathfinder 35, which hopefully intersect IOCG as predicted by ANT survey.

Ridiculously cheap IMHO

DYOR

K