OBM 1.11% 44.5¢ ora banda mining ltd

Are those numbers right or my calculations wrong? 23 000 000...

  1. 105 Posts.
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    Are those numbers right or my calculations wrong?
    23 000 000 tonnes @2.9 grams per tonne
    =66 700 000 grams
    66 700 000 ÷ 28.35 (number of grams in ounce) = circa 2 352 000 ounces
    2 352 000 x $2 500 = circa $5 881 000 000

    Thats seems a lot. If someone has time to have a look at please. If that is the case, debt free, plenty of cash, will have its own plant..... seems like a steal.

    Dont want to get to ahead of ourselves, but hopefully we have found the next RMS (which i sold out of too early ) if this is correct.
 
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