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2.78% 3.7¢ hammer metals limited

Ann: Yandal Gold Drilling Program Update, page-45

  1. Skene1988
    119 Posts.
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    21/10/20
    09:10
    Post #: 48255003
    Thanks very much @Goldwinner, I clearly missed that little nugget!

    So some basic back of the envelope stuff:
    $36m MC - $8m cash = $28m
    Assigning no value what so ever to our current tenants or other resources but only looking at JORC gold:
    28m / 237K = $118 per oz of gold currently priced into our MC.

    I'm no geologist nor mathematician but even at a AISC of $2000 we're extremely undervalued.

    Am I missing something here?
    Last edited by Skene1988: 21/10/20
    HMX Price at posting: 4.8¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 5  Upvote
    lightbulb Created with Sketch.  Great analysis
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