GBR great boulder resources limited

Ann: Divestment of Non-Core Whiteheads Gold Project, page-18

  1. 5,226 Posts.
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    They say 1.5m oz in 2-3years. Hopefully one million by first half of next year.

    We have around $7.5 million in cash according to table below. Let's say we spend $5m on drilling in next 12 months. Discovery cost was $17 / oz and they say it will now be incrementally cheaper, so let's say $12 / oz, then $5m should uncover a further 420,000 oz next year. Based on that I would say we should be close to 1.5 million by end of next year. More importantly indicated oz category should be substantially higher.

    From the company:https://hotcopper.com.au/data/attachments/6625/6625613-6c45ebe04863919714513d7438852a5f.jpg


    https://hotcopper.com.au/data/attachments/6625/6625610-450b8826762304acf7f533b73c6d63de.jpg

 
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