good work Powderkeg, i've only just put the calculator down on the exact same workings. Mid-point exploration target + mineral resource estimate = ~86k ounces = AUD145m in-ground value.
Yes, exploration risk, geo risk, development risk etc etc... but also upside potential. So we agree, the SP should be higher given the potential, and what about the gold window / bull market opportunity. The next 6-12 mths could be a nice time to have gold exploration success!
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