its hard to say cause we dont know the full results of testing...

its hard to say cause we dont know the full results of testing yet. but going on assumption of 5mmbls thats fully recoverable (obviously it all wont be)then its gotta be worth around 3 cents like you say. but i think thats already factored into the price already with the ann. out. so i think its already fair value at say 4-5cps which it is trading. also bear in mind that LGO has minimal cash.

i think goldbug did a rough valuation on lgo and came up with 7cps (with 4-5c worth re-yellowbank)

obviously this is all speculation until all the results are known so should only be taken as a source of further inquiry and encourage further discussion.