the most recent asx average gold EV calculations I have found is this:
http://www.coventryres.com/pdfs/AnalystReportArgonautResearch24Sep12.pdf
'Peer Comparisons
CVY is cheap in terms of relative and absolute value. On the EV / Resource oz metric the stock is trading at US$15, v a global peer average of US$74.'
If you extrapolate the amount of GC shears that have been tested to JORC level to date (600 metres worth) against the amount now being drilled (another 14 km worth of similar shears), you end up with a possible gold resource at GC well over 1 million ounces.
Which, on peer averages, would call for an EV for GC alone of $74 million.
Or more than triple MNM's current MC.
For the gold alone?
But what should the MNM total MC really be?
what is 1000 sq km of Victorian brown coal on the cusp of the BC Pilbara in Victoria worth?
and the Ashford and Texas black coal?
the Mt M CSG?
the NT Phosphate?
the exergen JV to develop BM into a billion dollar BCE export project...
yeeeeeeewwwwww indeed FS.
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