Prawn,
My calculations put the in ground value of Mt Cannindah @ US$ 764 million.
This was using commodity prices of
Cu (tonne) 8500
Au (ounce) 945
Al (ounce) 18
72,000 tonnes of Cu @ 8500 = US$ 612 million
91,000 ounces of Au @ 945 = US$ 86 million
3,600,000 ounces of Al @ 18 = US$ 66 million
Total value of inground resources = US$ 764 million
Market cap of company is $ 20 million
QOL
queensland ores limited
