We left this story with the additional silver credits reported at Paron on Valentine’s Day effectively adding 15,000-20,000oz to the existing overall JORC-compliant inferred gold resource of 220,000oz.
Since then, a scoping study has been under way, which must be nearing completion shortly.
Just to remind people of the value secreted in this little gem, 240,000oz at the current gold price of US$684.80 is worth a little over US$164m or about AU$197.5m.
That’s near enough to $2 per share!!!
This is defnitely one to buy and sit on. I don’t know when the mismatch between perception and reality will be rectified, but it WILL happen…eventually.
buy it while its still unloved
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