Well if CDT can replicate the 100kOz of gold pulled from the top 30m in the two pits then do the maths........
100,000 Oz x $2500(Gold will IMO go higher) = $250m in revenue.
Even if they sold the deposit once JORC to WGX at $250-500 per Oz that $25-50m. Current MC is $8.8m and this sort of shallow deposit will be cheap and quick to drill out and at todays prices we may prove up a handy little resource.
TSX.V: MMY may also be interested as they also has a 260,000tpa mill at Burnakura, that they need prove up reserves for. Wanganui (right near where the arrow is pointing), is just as close as either of the other projects they are planning on mining, to that mill.
CDT Chart, page-15
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Mkt cap ! $6.735M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.6¢ | 0.6¢ | $16.14K | 2.690M |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 25 | 9410934 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 0.6¢ | 924399 | 4 |
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| Last trade - 10.28am 07/05/2024 (20 minute delay) ? |
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Change
0.001 ( 9.09 %) |
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| Open | High | Low | Volume | ||
| 0.6¢ | 0.6¢ | 0.6¢ | 607000 | ||
| Last updated 10.28am 07/05/2024 ? | |||||
| CDT (ASX) Chart |