Hi barney
Yes i was working figures based on production.
getting a bit ahead of myself lol but i think the numbers certainly highlight the potential here.
Agree mostly with your IGV values, i have seen similair values quoted in the past. between $25-$100 Oz depending on grade, depth and various other factors
Given that we have highgrade Gold, with significant copper, mostly shallow openpittable resources in an area with good infrastructure i would argue that EXM's gold should probably be valued closer to the high end of this range. Maybe $75 Oz. If that figure could be used then one could argue that EXM sp is worth around 4.2c currently.
With the above criteria and the fact that the geology and metallurgy are quite straight forward i dont think those figures are unreasonable
On the IGV, i suppose JORC classification ie Ind, Inf, Measured would play some part in what value to ascribe.
The figures i have seen were published some time ago, i wonder if the higher gold price would also have some bearing on these figures as a benchmark.
As pointed out there are several ways to value an exploration outfit and young trader has posted his valuation on the other thread
Hi barneyYes i was working figures based on production.getting a...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add DSE (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$3.38 |
Change
0.080(2.42%) |
Mkt cap ! $236.1M | |||
| Open | High | Low | Value | Volume |
| $3.30 | $3.38 | $3.30 | $91.07K | 27.38K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9967 | $3.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.38 | 135 | 1 |
View Market Depth
| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| DSE (ASX) Chart |