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4.00% 2.4¢ savannah goldfields limited

Worst case scenario, IMO: 100K ton @ 6 G/T ( high grade resource...

  1. moorookamick
    22,554 Posts.
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    22/06/19
    09:55
    Post #: 39185734
    Worst case scenario, IMO: 100K ton @ 6 G/T ( high grade resource before current drilling was 79K ton @ 6.1 g/t) =
    -100,000 X 2.5/31 X 0.98 X 0.6 X $2000 = $9.4 mil.for LNY.
    Recent results seem to indicate that ore will range between 6 g/t &15 g/t with the early extra high grade ore cherrypicked.
    All IMO only.
    LNY Price at posting: 1.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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