I think when the CEO mentioned IGV (since withdrawn from ASX), he calculated it as - resource size, multiplied by spot gold price (but just for the measured portion of RPM, ignoring the inferred, and I forget whether he included the indicated). People on Hotcopper do it the same way, I believe (often for full resources). And in both cases, it comes across as ramping and unrealistic. NPV is more realistic.
"The average price paid for gold in the ground was $63/oz."
This sounds like takeover / market value rather than IGV. I think IGV is more of a hype number.
I think when the CEO mentioned IGV (since withdrawn from ASX),...
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Last
19.0¢ |
Change
0.005(2.70%) |
Mkt cap ! $40.86M | |||
| Open | High | Low | Value | Volume |
| 18.0¢ | 19.0¢ | 17.8¢ | $63.16K | 346.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7633 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 93561 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| NVA (ASX) Chart |