Hi it would be… but at those speeds of getting results from labs, it would take few years to prove all the historical resources I suppose.
however, even with what we know so far (4.7M oz) subject to them being mineable, MC of DRD gold can be roughly adjusted by ownership factor, other assets and divided roughly by 2.5-3 (difference in resources so far).
AUD400-500mil should be realistic value based on that when we are getting close to production.
in my view
BIG GOLD MINE, page-177
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