Current Cash on hand of $12.9 million and listed investments totalling $5.3 million
MC 65.31m
EV 47m
resource estimate 1.1m. JORC upgrade in June and September quarters.
EV/Resource oz $43
RMS about $300. I chose RMS as it is the next step.
Drill results to date have been pedestrian as the focus has been on infill drilling to prove the resource for FS.
More opportunity for Toll mining at Pennys.
Greenfield drilling results to come, could be anything (good or bad) as they are looking in the premium area.
PLENTY of UPSIDE
Ann: Quarterly Activities Report 31 March 2021, page-4
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