"DFS has 14c for Alumina, 3c for coal and 1c for gold, 2c for copper."
1c for Gold! With the number of shares and options on issue that equates to about $5m. Current inferred JORC @ Suplejack is 55,000 oz.
At current prices that's $1600 x 55,000 = $88,000,000 with more to come and never mind West Wylong.
Ok we don't have production costs but even if we allow it to be $1000 per oz that still leaves us with $600 x 55,000 = $33,000,000 or 7cps to the good.
VAN Price at posting:
8.7¢ Sentiment: LT Buy Disclosure: Held
