I happen to disagree about MGV being "dirt cheap". Once the capital cost of creating mines and processing plant is included, I get the following ratios:
EV to Resource = $265/oz
EV to Production (at 80 koz for the first 3 years) = $3067/oz
Still no reserves declared, but if I take the total recoverable amount stated in the PFS (345 oz) and use it as a reserve figure, then:
EV to Reserve = $711/oz
For comparison:
AUSgold (incl. capital cost from PFS): EV to Resource =$153/oz; EV to Production = $2622/oz; EV to Reserve = $258/oz
Silverlake: EV to Resource =$132/oz; EV to Production = $3332oz; EV to Reserve = $564/oz
Calidus (with figures for Blue Spec included): EV to Resource =$146/oz; EV to Production = $1867/oz; EV to Reserve = $375/oz
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I happen to disagree about MGV being "dirt cheap". Once the...
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