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 ! $10.41M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 0.8¢ | 0.8¢ | $11.71K | 1.464M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 91414 | 0.8¢ |
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| Price($) | Vol. | No. |
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| 0.9¢ | 1647929 | 5 |
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