AGR aguia resources limited

Also went through the back of envelope exercise to convince...

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    Also went through the back of envelope exercise to convince myself of the numbers involved

    2 million tonne at 20 g/t = 40 million grams of gold
    3 million tonne at 30 g/t = 90 million grams of gold

    So potential range of 40 - 90 million grams of gold

    Using 30g of gold per ounce:

    Potential range of 1.3 - 3.0 million ounces

    Current gold price (AUD) - approx. $4600

    Profit per ounce (assuming costs of say $600 AUD per ounce for simplicity) - approx. $4000 AUD

    Profit range then = $5 billion - $12 billion AUD

    Similar to those of Muzzab overall

    An exploration target and conceptual so time will tell how realistic it is.

    However interesting that that the lower profit figure ($5 billion) is approx. 100X our current market cap ...

    https://hotcopper.com.au/data/attachments/6859/6859225-3c7426ad689583db9d94b4c1ffa248b3.jpg





 
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