AAU 12.5% 0.4¢ antilles gold limited

Ann: RETRACTION OF IN GROUND VALUATION, page-7

  1. 3,832 Posts.
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    I do understand why ASX doesn't like the publishing of "value in ground" - eg I expect that there are lots of small Aussie companies with $1B+ in-ground metal values, but at 500+m deep and at grades that are half what would be economic to mine, or worse, so "value-in-ground" is pretty meaningless in those cases.
    Having said that, whenever I see a statement about a mineral resource that might become a mine, I look at a few things:
    - size of resource
    - grade (and particularly grade cf what others are mining and what is economic)
    - value-in-ground (my own calc)
    - mineability and mining cost
    - capital cost
    - net return (at a range of product prices)

 
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