AUL 0.00% 28.5¢ austar gold limited

Ann: Porphyry Copper Prospects , page-11

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  1. 11,416 Posts.
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    "the value of SIR is based on a extensive drilling program that has supposedly worked towards a very large JORC compliant resource. Implying the same type of value based on historical data seems a stretch."

    Was not implying that the value can be immediately transposed, I was stating that based on the historical grades and of course depending on the size of the deposit, Mantle could be revalued in a very short period of time as SIR was after short period of exploration.

    In no way was a saying that MNM was now worth 60x its current capitalisation. Not sure why I need to explain this in so much depth, my orginal post only refered to the grades stated in the announcement and you need more information than the grades to make a fair comparison.
 
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