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towie

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01/12/22

21:04

Post #: 65107105
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Originally posted by Rhazzle ↑

Good comparison. Yes your calcs do seem right except for one big error.
The 40,000 oz does not take into account the latest discoveries yet to be quantified.
I reckon by 3 years we could be closer to 80,000 oz plus pa.
I don't want to jump the gun too much here on estimates, but I think the JORC will be at least 1 million oz without adding the ridiculous amount of high value targets identified by IRG scanning that need proving up.

On your figures which do look reasonable my $2 forecast is unrealistically low. I am not sure now what the figure will be.
Brad Gordon wasn't wrong when he suggested we will become Tier 2 gold producers which puts us in the category of Evolution, Northern Star etc..
There is no doubt about it IMO this stock is going to fly! I just hope the price remains low into next year as I want to seriously beef up my holding about mid-year.

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This story just gets better. Did they give any indication re the new plant that they have bought to install at Georgetown came from or costs . Any mention re the monies owed from the 2 previous mining stints. Any further comments that you can add Cheers Towie

SVG Price at posting: 18.0¢ Sentiment: Buy Disclosure: Held
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Last 1.6¢		Change 0.000(0.00%)		Mkt cap ! $10.26M

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