I can think of one million reasons why.
1Moz of gold at 7gpt now has an in ground value of CA$3.2B. I hate insitu values but since this time last year it’s increased by $1B. Pretty unbelievable.
Also we have quite a bit of completed drilling that didn’t make into the last resource update. That means there’s a good chance we’ll see another resource update this year and based on some of the 2023 results, we could be adding a few hundred thousand ounces.
In addition to that, the resource assumed a gold price of US$1800 so if they decide to increase it to say $2000 and thus lower the cutoff grade, that in itself could add a bunch of ounces. Not the most ideal was of adding ounces but with such a high grade resource, it’s entirely feasible.
Pretty good time to be holding a stock like Benz. Bottom is in; upside is immense. #chickendinner
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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1 | 50000 | 0.115 |
2 | 29772 | 0.110 |
1 | 10000 | 0.100 |
1 | 6180 | 0.081 |
Price($) | Vol. | No. |
---|---|---|
0.140 | 10864 | 1 |
0.180 | 20000 | 1 |
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