On a straight pro rate basis we would be valued at $43.5 mill.Deduct a small amount because beneficiation or trspt would be more expensive for a 57.5% compared to a 58.3%
However the real hook that I missed on first read is that Flanagan offered a staggering $5.50 for all reserves upgraded above 24 mill.
Our open drilling potential is much higher ,I think and drilling should start shortly if it hasnt done so al,ready.
So yes a speculative $50 mill should not get you in jail for misrepresentation
On a straight pro rate basis we would be valued at $43.5...
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Last
0.3¢ |
Change
0.001(20.0%) |
Mkt cap ! $18.53M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $3.621K | 1.257M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 121 | 181496973 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 20055545 | 43 |
| Last trade - 15.53pm 04/07/2024 (20 minute delay) ? |
| 1MC (ASX) Chart |
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