re: Ann: VMS style copper project at Ashburto... how do we figure out the total market cap of korab?
i know they are listed in the UK as well as AUS. in AUS according to commsec, mcap is ~ 30m, do we then add on the UK value to get the total mcap of the company?
i believe their mcap should be up around 50-60m, the bokrikov project's cash costs are unbelievably low at 250-300, and they have stated they already have the cash to internally fund geolsoc, any value seen in melrose and the magnesium is a bonus in my opinion.
I have assumed their margins for gold are only $60 per oz and i have only counted value for the jorc resources that are in the measured and indicated category...
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Ann: VMS style copper project at Ashburton Downs , page-9
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