I’d be intrigued to hear what value you place on JORC gold in the ground.
From what I can gather historical value is somewhere in the order of A$50-A$100 per oz depending on gold price, location and infrastructure. This puts a value on the Burracoppin JORC at A$3.2m - A$6.4m with upside. So I agree that the project is well in excess of the current market cap with zero value assigned to all other projects.
Non-dilutive funding needs to come from the spin off of the Australian gold/copper portfolio as previously flagged. They just need to get it done with Africa being the focus now. No point holding them and spending further funds that they don’t have.
AS2 Price at posting:
2.5¢ Sentiment: Buy Disclosure: Held
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