If valuation is really going to depend on the global resource, Namdini exploration target in my opinion
will be 2.4 MOZ at 1.68 g/t - base lower band
And upper band will be around 3.6 MOZ. based on the 3 additional lines to south plus down dip line is filled.
If we use "hot copper widely accepted" (that took into account of current gold price level of above 1300) 100 AUD per OZ valuation 240 M AUD to 360 M AUD - valuation if we prove in JORC compliant reserve, certainly if the cost is low first few years is going to be great open pit higher grade. That is 20-50 percent upside dependent on infill drilling results and additional ground acquisition.
next two month is going to be critical.
CDV Price at posting:
56.5¢ Sentiment: None Disclosure: Held
