The report is based on 1. A smaller scale, 0.8Mtpa, high-grade starter option (1.3Moz @ 7g/t AuEq inventory). 2. A larger bulk, 6-7Mtpa, lower grade operation (4Moz @ 1g/t Au inventory). 3. Acquisition of CEL by a mid-tier producer in the region.
Many here believe that the final JORC will be Much larger than 5.3Moz indeed north of 10Moz--
This would Double the reports estimated 55cps target to $1.10 Don't get me wrong -- 55c is a nice price
However North of $1 is still very much on the cards
Really - DYOR
CEL Price at posting:
33.5¢ Sentiment: Buy Disclosure: Held
