Australia's largest stock trading and investment forum Australia's #1 stock forum

GSN

Click for more information

10.0%

1.8¢ great southern mining limited

seems exciting times ahead, BoD is doing a good job keeping the...

First 4 Last

Share
Profile

Follow
Springsteen1

94 Posts.

22

10/02/20

22:41

Post #: 42852006
Share

Originally posted by Thadius: ↑

"GSN and its consultants have identified multiple high-priority structural targets with an estimated
gold Exploration Target* around these analogues of 260,000 to 480,000 tonnes at a grade range
between 15-25 g/t Au."This is much better than I could have wished. If you take a mid range look at this say 370,000 @ 20g/pt then you are looking at a high grade resource of around 225,000 ounces.

The amount of profit at 20g/pt should be much better than say 2g/t operation.

Even at a conservative $900 per ounce profit the in-situ LOM earnings is $202 mill. I don't think it would take 20 years to do, maybe just 5 years at around 60k ounces a year. I would think capital required would not be huge but I am sure it can be toll treated nearby with a little less profit if needed.

Either way at this M. Cap it is cheap to get in for this potential alone.

Expand

seems exciting times ahead, BoD is doing a good job keeping the market updated and advancing this potential money pit...

GSN Price at posting: 5.9¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

WMG

Western Mines identifies 2 high-grade zones at Mulga Tank in WA

PTR

Petratherm adds $1.6 to the piggybank ahead of SA titanium drilling program

SNG

Siren Gold boosts antimony resource by 66% to 14.5Kt at Auld Creek, NZ

WR1

Winsome scoping study proposes low-cost operation for Adina lithium project

ALR

Altair Minerals hits high-grade copper and gold at Wee MacGregor, QLD

There are more pages in this discussion • 3 more messages in this thread...

First 4 Last

Add GSN (ASX) to my watchlist

(20min delay)
Last 1.8¢		Change -0.002(10.0%)		Mkt cap ! $15.22M

Open	High	Low	Value	Volume
1.8¢	1.8¢	1.8¢	$1.8K	100K

Buyers (Bids)

No.	Vol.	Price($)
1	547208	1.8¢

Sellers (Offers)

Price($)	Vol.	No.
1.9¢	400000	1

View Market Depth

No.	Vol.	Price($)
1	547208	0.018
2	152302	0.017
4	268400	0.015
2	900365	0.014
1	750000	0.013

Price($)	Vol.	No.
0.019	400000	1
0.020	1011516	5
0.021	860000	3
0.022	829000	2
0.023	12500	1

Last trade - 10.11am 17/09/2024 (20 minute delay)

GSN (ASX) Chart