PRX 0.00% 0.3¢ prodigy gold nl

Ann: Twin Bonanza - Buccaneer Resource Update, page-16

  1. 2,475 Posts.
    lightbulb Created with Sketch. 855
    There was always hope of some decent $$ from the sale of Buccaneer looks
    like that has just evaporated.


    Rod this only increases the potential of a divestment/sale with both Old Pirate
    & Buccaneer having resources updated.
    Current
    Old Pirate-114,000 OZ
    Bucconear-585,000 OZ
    Combined -699,000 OZ


    At $100 per OZ in ground discovery value
    699,000 x $100= $69,900,00au
    Ok probably unlikely to get that but that's about were negotiations
    would start recalling NST mentioned $ 85.00 USD as TAM in ground
    OZ bench mark .

    So lets reduce down By 50% at $50au per in ground discovery OZ
    equates to-$34,950,000 au.

    Wrap it up with the fish n chips & fire sale at $25 au per OZ
    equates to $17,475,000 au

    As can been seen plenty of scope to derive $$$ from the sale/divestment of
    O/P & Buccaneer -watch this space imo
    gltha-salt
 
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