If you look at the equity ownership of GMM/GXY which is 50% each for the Mt Caitlin project for a total resource of 16Mt. Which equates to 8Mt each, attributes ~$179M market cap for GMM.
If you look at NMT/MIN equity ownership of only 26.9% for NMT at a market cap of $224M for only 6.3Mt resource proportioned.
We can at least indicatively value what DKO is worth in market caps if they find something. Weighted average per 1Mt market cap of the above two majors resources is about $28M market cap per 1Mt resource at ~1.1%.
DKO finds 5MT = $140M market cap
DKO finds 10MT = $280M market cap
Early days but multibags from here if the results are great to excellent.
DKO Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held
