im not sure if you are reading the same thread i am.
dat technical guy posted this .... "if a PFS/FS or JORC is done, and the reserved/resource comes to be 2moz only at tesorito will you calculate:2 mill x $1700 per ounce for Au = $3.4 billion? therefore, the market cap will be equivalent to close to $3 billion? i am very bad w calculations, hence why i am asking such questions."
i answered his question with a very basic eg tat takes into account reserves, ASIC, profit, mine life and therefore estimates of value. The market cap will be nothing like $3 billion from a 2 mill oz resource.
General Day to Day Banter, page-32
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