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I think GMD paid $85 per ounce in the ground, not sure what gold...

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    29/10/24
    21:04
    Post #: 76362128
    I think GMD paid $85 per ounce in the ground, not sure what gold price was at the time but obviously higher now.

    I guess there are other factors in valuation but fair to say 1 million ounces would be worth at least 90 million approximately.

    Certainly enough to fund mining project at Fountain Head, feasibility study had a capex of 50 million a few years back.


    PTN Price at posting: 7.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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