JAV javelin minerals limited

Ann: Drilling Underway at Eureka Gold Project, page-3

  1. Dui
    2,177 Posts.
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    "Eureka currently has ~30,000 - 34,000 mineable ounces in a pit shell based on a A$4,000 -$4,200/oz gold price"

    "We are also progressing our studies and discussions with nearby mill operators about mining the ~34,000oz at
    the southern end of the pit. Given the current record A$ gold price, this has the potential to generate substantial
    near-term cashflow”.

    Seems like they use a conservative goldprice which currently sits well above $5000. Time for a re-rate?
 
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