Yeah mate , my figures look a little different because I'm...

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22/02/18

17:56

Post #: 31266850
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Originally posted by Von Rico ↑

Well ... a nominal 1 million oz at $70 oz in the ground ($70m) plus existing cash, gives us our current share price of $0.53.

(current market cap 145m shares at $0.53 = $77m including cash)

Gold Road sold half their recoverable gold at $200 oz plus an uncapped 2.5% royalty which was, based on global averages, a generous offer from Goldfields although all things considered, a fair price IMO.

BRB gold is near surface continuing at depth, some good grades, soft ground, easy to mine, good recoveries and untapped future potential.

If we were able to match Gold Roads price, then we are looking at $200m or $1.45 per share including cash, assuming all we have is 1m oz. Its pure speculation and by way of example, if we have 1.5m oz at $200 we are looking at $2.14. That said, it is still early days and the resource will continue to grow well beyond current levels.

IMO the maiden resource will spark a lot of interest from cashed up majors including one of our near neighbours, St Barbara and Northern Star who are looking to increase reserves.

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Yeah mate , my figures look a little different because I'm looking slightly further down the track (more oz's) but yes I think we're actually quite similar in our thinking !
Yes , I agree with last statement too !
I have a lot of RMS and wish they were chatting !

BRB Price at posting: 53.0¢ Sentiment: Buy Disclosure: Held
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Yeah mate , my figures look a little different because I'm...

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