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1.0¢ lcl resources limited

Ann: Tesorito hits 36m @ 3.31g/t Au at surface in 378m intercept, page-50

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22/06/21

16:48

Post #: 53995187
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Originally posted by littleblackduck ↑

Lets do a little modelling.....A very simple model that in reality is not how people look at this type of investment but hey I like to play with numbers. .
3.5Moz @ $A2000/oz Au equates to value in ground of $7,000,000,000 or $7B.
Cost you $1B for the plant and project to be in production. Low Grade High Tonnage operation.
Shares on Issue fully diluted would be 610,074,479. Lets say 1B for ease once more raisings etc occur and for ease of calculation.
Cost to operate mine is $A900 Au/Oz for the 3.5MOz it costs you $3.15B over the life of operation.
So far spent $4.15B of the $7B of gold value in ground leaving $3.85B....Say 1b shares are on issue that would be $3.85/share value....
Now discount this for being a explorer, no resource and country down to 17c per share says price would need to increase by 2200% to get to what value of metal is left in ground. Assuming price of Au is going to increase in real terms this makes 0.17 very cheap in my opinion....

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@littleblackduck are you including the silver, copper and moly credits in those calculations?

LCL Price at posting: 17.0¢ Sentiment: None Disclosure: Held
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0 Great analysis

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