OAU 11.1% 0.8¢ ora gold limited

THe hemi deposit that DEG have started as a high grade resource...

  1. 34,116 Posts.
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    THe hemi deposit that DEG have started as a high grade resource from memory , it morphed into a much larger , low grade but viable deposit as the NPV also went far higher .
    I doubt that will happen here , but one never knows , at this point I look at it just as a high grade shellow open cut deposit that will be most likely toll treated .
    $100 an oz may be the going rate for a 2 gram a tonne deposit , I doubt this will be a 2 gram a tonne deposit .

    Personally think the value of Crown Prince inc SEZ to an outsider is worth at least $300 an oz insitu which is around what RMS paid for the Break of Day deposit about 1oo or so kms South last year.
    If OAU can find a toll treat partner then to me this is worth more than $500 an oz
    At say a 1.7 gram a tonne cut off (inc transport in costings ) then anything above 1.7 gram a tonne is free cash flow and I doubt this will be 2 grams a tonne average insitu grade , I will let you go through the drill intercepts and work out what the insitu average grade is say down to 100 meters and strip ratio .
    Last edited by plough: 14/01/24
 
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