$2m cash for 51,000 resource ounces is approx $40 per ounce. I...

$2m cash for 51,000 resource ounces is approx $40 per ounce. I bet several asx listed companies wish the could sell stranded small deposits for $2m cash. most asx explorers market cap are about $40 per ounce and they have potential.
let's say the resource coverts 30% to mineable reserve (15 ounces) and they can actually mine, transport and process for less then $2400 ounce ... say $500 per ounce profit... they will make $7.5m profit. so pay $2m to make $7.5

also note tba will need to come up with the $ for the environmental bond.

it's not a bad deal but not a great deal either.

lets hope it doesn't have copper in it as well.

but to be fair, we need resources if ever going to get Lorena plant running so it's a positive in that regard.