Let´s say NLI finds / defines a 1 MOz Gold resource which is very realistic IMO after checking the surrounding projects and the existing exploration data ... Whats the value ?
Based on 34us$ / Oz (Source -> price Paid per Oz Au vs Stage and Jurisdiction) the EV may be appr. 34M us$*1,37*80% = 37,26M AUD + 10M AUD remaining cash (after 5M exploration costs) = 47M AUD EV = appr. 10c share price (w/o Sepeda) ....
I hope NLI will start exploration & drilling as soon as possible ...
