Whilst waiting on the results, have tried to locate a stock with under 100 m/t resource, and over $100m M/cap.
BTU in N.Z. is close, as it also has CC:
APPENDIX 1 - RESOURCES
MEASURED ~ 28.6 M/T
INDICATED ~ 34.9 M/T
INFERRED ~ 18.2 M/T
TOTAL JORC RESOURCE : 81.7 M/T.
With a m/c of around $300m, our bench-mark of potential value is encouraging IMO !
What are we, some $16m m/c ?
Guess I was also viewing the prospect of our initial jorc coming in under 100 m/t; however with the drilling results to-date, we MAY be a little higher ~ but be guided by those in the trade, and of course next months results.
Dyor, but all looking positive in the near future.
Cheers :)
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