The 1.1 Mtpa plant will produce on average 85,000 oz p.a. at grades of between 3.4 gpt from open pit mining and up to 5.8 gpt from underground.
The PFS detailed production costs of less than $400/oz after silver credits (using a silver price of $11/oz). Given current prices for silver are more than triple this, we expect significant valuation upside.
Fully Funded, Unhedged I believe, and if, and I say If Gold at $2000 and silver at $30-40 when they start production shaping up to be not a bad prospect IMO.
If Drilling shows future Increases to their reserves can be made SP will rise IMO.
Dipped my toes in on this one yesterday.
Happy to be aboard.
Cheers
drlling, page-5
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Last
35.0¢ |
Change
-0.025(6.67%) |
Mkt cap ! $2.380B | |||
| Open | High | Low | Value | Volume |
| 36.0¢ | 36.0¢ | 34.5¢ | $10.28M | 29.33M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50000 | 35.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 35.5¢ | 235887 | 8 |
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| Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
| VAU (ASX) Chart |