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0.3¢ prodigy gold nl

$100/oz??? ho ho ho Merry Xmas, and tooth fairy standing by too.

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LadyinRed

376 Posts.

01/09/17

17:42

Post #: 26940252
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Originally posted by Saltiga62 ↑

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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$100/oz??? ho ho ho Merry Xmas, and tooth fairy standing by too.

ABU Price at posting: 11.0¢ Sentiment: None Disclosure: Not Held
4 Upvote

0 Great analysis

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