Good analysis but what it really means is that 500,000 oz is really only a "cash flow" find
With 5b+ SOI (5.62b - see my post 70707531 on 3/11/23) we need to find 5m oz to impact the share price (Inground at $A150-200/oz = $A750m - $A1b or 13c/share - 18c/share (which I feel we would all be very happy with!)
Producing 100,000oz/year at (say - guess only) net cash profit of $A1,250 (based on current PoG $US2,000 or $A3,000) is only 2.2c/share before tax
The cash flow find would enable the company to do some serious exploration
Good analysis but what it really means is that 500,000 oz is...
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