To get a $1B Cap you would need at current prices and based on the published cash costs around about another 750k oz for a total of 1.5 M oz.
($1250 /oz - $562 /oz) x 1.5M = $1B
So at Garden well if we see a reserve of around 1.3 M oz and a final resource around 750K (58% Conversion) we should be seeing our $3 share price.
If we look at Erlistoun the resource was 256k oz and the reserve was 157k oz (61% conversion).
So anything around 1.3 M oz initial resource would be huge for the company and the share price.
Very exciting times for the company!!
To get a $1B Cap you would need at current prices and based on...
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$1.74 |
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Mkt cap ! $1.310B | |||
| Open | High | Low | Value | Volume |
| $1.77 | $1.78 | $1.73 | $6.371M | 3.660M |
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| No. | Vol. | Price($) |
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| 4 | 12795 | $1.74 |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.74 | 56792 | 5 |
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