This has to be one of the cheapest plays on the ASX, some found that out pushing the price to 22c yesterday.
The company has stated that extensive drilling isn't necessary for a JORC for Platinum project. This should be concluded in the next few months. All this for a company with a market cap of 20m
GAU has rights to 37% of this project
If there were;$1300
1m oz = $1.3b In-stu = $481m to GAU
3m oz = $3.9b In-stu = $1.443b to GAU
5m oz = $6.5b In-Stu = $2.4b to GAU
10m oz = $13b In-stu = $4.81b to GAU
These figures are in US currency.
Anyone care to speculate how much we might have?
You can see by those figures that current share price is too low. Now we have no idea how much they have, perhaps MC Camma or HFront can help us here.
Give us a wink at a figure here
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