Btw this ppost wasn't suggesting that there are no JORC compliant ASX listed stocks with Chile Gold Projects ...
A sort of market darling is Hot Chile ... but I think we would all agree that this is primariily a Copper project (but with substantial gold ~2.6Moz Indicated).
A dark horse with a substantial backer (Gold Fields) is Tesoro. So same MCap chart as before
and then the MRE ... Red is Indicated and Blue is Inferred
And that puts present MCap multiple for M&I at ~AUD$67/oz Au
If using total MRE (M&I&I) its about AUD$30/oz Au
So go figure right. Gold Fields is a big South African global gold producer ... they must see something. The project had a Scoping study done in Apr'23 ... screens well ... but that's 2 years ago ... and it would account for the bump in MC to $52M at the time ...slow going IMO and probably text book Lassonde curve (???).
Any one else with any thoughts on this acquisition?
Add to My Watchlist
What is My Watchlist?
