The numbers stack up for me. As I said: worst case scenario is management can always just buyback the stock with remaining gold in Mt Bobby and from the Wonawinta silver ore stockpile and inventory. The Wonawinta inventory and stockpile is 10,000,000 Oz of silver: so 10,000,000 Oz X USD$26.72 Oz = USD$267,200,000 X 1.38 USD/AUD exchange = AUD$368,736,000 in Revenue
That is not looking at the value of the entire Wonawinta resource which has an estimated resource of 52 million Oz of Silver plus the Lead. Best scenario is we get good drill results from the Wonawinta drilling campaign; then we are on our way to a significant Silver mine.
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The numbers stack up for me. As I said: worst case scenario is...
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1 | 250000 | 0.036 |
2 | 83000 | 0.035 |
4 | 100437 | 0.034 |
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Price($) | Vol. | No. |
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0.035 | 74663 | 2 |
0.036 | 21239 | 2 |
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