E79 is valued at AUD 6m. Let's ignore the cash as this is spent...

E79 is valued at AUD 6m. Let's ignore the cash as this is spent right now. Using only AUD 4000 per ounce instead of about AUD 5000, E79 needs to have about 3000oz of gold to justify the current MC and sp of 3.5c and assuming half of the value would be needed to extract the gold before it can be sold.

If the KAL numbers are a representative figure for that area then that mass of gold should easily be there in E79s tenements. Trump's way of making the US great again offers an opportunity like COVID, everything gets thrown out regardless of its value. Sell first, regret later.

GLTA