Food for thought...
If those results were consistent over a tiny area of their claim (Lets say 400mtr long by 100mtr wide by just 10mtr depth.
At rock weighing at a minimum 2000kg per m3 that would be 400,000 m3 of rock,
With a potential (low average) 8.7g/t or 17.4g/m3 that is a potential 7,000,000g of gold,
At today's Ozzy gold price of (Average) $52.73/g that would be $370,000,000.
Issued Capital is soon to be 1,174,895,117 shares, so excluding any existing capital assets that would be a MC of $0.31
Someone check my figures. (All $ are AUS)
And this was based on extreme low side values as they state they do not have a clear indication of width and I only took the 10m as a small section of the 140m depth, heaven knows if this runs for 6km![]()
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