Just did a rough resource estimate on 8 of the 20 deep RC holes at Mandilla East,
Just say its 1.2gpt same as Gold Road which it seems close too,
125m deep, 300m long, 70m wide = 2.62Mt ore @ 1.2gpt = 101,612 ounces so far
AISC of gold road resources is $700US /oz
Current price US$1500/oz
Current value could be 100,000 x (1500-700)/0.75fx = $108M total cash flow,
Albeit these prices are record high,
But if they find more gold deeper & to the north west, to turn this a large system, this stock should keep risings.
New results should be only 1 or 2 weeks away.
Ann: Large Mineralised System Confirmed at Mandilla Gold Project, page-33
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