rough back of the envelope calcs
225m strike x 50m width x 10m average intercepts x 2.65 SG x av 1.2 g/t = approx 12,500 ounces (using 0.035 oz/g conversion)
at $40 per ounce in-situ value - $0.5m USD
Let's hope M27/488 and Tyrell drilling can add to the inventory, but it makes sense why in the quarterly they said they negotiated the royalty down from 1.5% to a tiered structure.
ESD project is too small as a standalone imo
rough back of the envelope calcs225m strike x 50m width x 10m...
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