This from @Corgi on the NST thread after NST bought STK"s Millrose 346,000 ounce deposit (6MT @ 1.8 g/t) for $61 million:
Assuming a company has a prospective target, with a reasonable discovery cost of $25/oz. to make a 1moz discovery a company would need to spend $25mil.Close to 1.8 million ounces - GBZ.
Not understanding this market cap - even with the con notes.
Above is not financial advice and my opinion only.
Ann: Structural Interpretation Resolves Controls at Twin Hills, page-27
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Mkt cap ! $11.56M | |||
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