I agree
@Shakinthat , definitely doesn’t have to be producing.
@topwon for sure. Here’s a PGE play, CHN, $2.4b.
there are many ASX companies with billion dollar projects or MCs that aren’t in production. DEG, AZS, AVZ to name a few.
using DEG as an example, 10m oz of gold at about 1.1gpt…$2.4b too like CHN…
KRM has 25km reef strike, these things go down to 1.5km + but let’s say 17km is drilled out along strike. 1.5m average with, 1km deep at 6gpt PGE, that’s about 14m ounces, and more profitable ounces than DEG too I suppose due to the grade. So in theory, we could do that quite reasonably. Required the exploration target to come “true”, which I think it will due to the historical drill work already and outcrops everywhere.
(20min delay)