Looking at maps, area (volume) and grade I'm getting 5.46mOz
Gold price of $1700 us/oz , AISC $800 us/oz, cappex $500m Au, discount rate 6%, mine life 20 years. Plus add $21.5m (approx value of holding in TNR and Snow Lake) .
Essentially with permits in place/approval to mine, funding (loan for cappex in place) fair value would be 92c per share.
Mining approval and funding are big hurdles, hence appropriate risk factor needs to be applied. i would expect trading at 50% discount ample (discount reduced if part of resource "Measured")
So I see 46c a share in the very near future.
We still have significant updside with RPM & Cathedral etc...
46c a share would give us a market cap of $750m, would put us in the ASX200 - on par with Resolute Mining (RSG)
Ann: Trading Halt, page-100
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14.5¢ |
Change
-0.025(14.7%) |
Mkt cap ! $35.31M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 17.5¢ | 12.5¢ | $227.1K | 1.494M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 55396 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 20000 | 1 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| NVA (ASX) Chart |