Hey Simon, why not do your own evaluation?
The only mention of Porgera I have seen is that CM's mineralisation appears to be similar to Porgera's, so if the grades are similar and taking Barrick's 2010 cash costs of $582 per ounce my valuation goes from 1m to 10moz at $800 profit per oz ? so taking 10% of that to get an EV say 80m to 800m market cap today or 6.5c to 65c.
Which is about what the mysterious (and probably fictitious) broker report got.
EE.
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