"Nov 7 (Reuters) - Gold Road Resources Ltd (GOR)
- Gold road has agreed to enter into a 50:50 joint venture with a wholly owned Australian subsidiary of Gold Fields
- JV for purchase consideration of A$350 million
- Gold fields to fund up to 10% of cost overruns on Gruyere Development Budget
- Joint venture for development and operation of Gruyere gold project in Western Australia"
GOR's Gruyere gold project has an Au resource of 6.2moz & capex of A$507m (refer GOR announcements today).
In comparison, HAV's Kalkaroo project has an Au resource of 2moz, a Cu resource of 622kt; & capex of A$340m (per latest PhillipCapital research report).
At current Au & Cu spot prices, the Au equivalent resource for Kalkaroo is estimated at approximately 4.4moz. Basis the GOR transaction, this puts a half share of Kalkaroo at approximately A$250m. This is consistent with the NPV calculation of A$508m per the latest PhillipCapital research report.
Just looking at Kalkaroo # alone, HAV's current market capitalisation of A$118m clearly has a long way to go.
DYOR
# subject to mining approval & NTA
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Last
21.5¢ |
Change
-0.005(2.27%) |
Mkt cap ! $72.94M |
Open | High | Low | Value | Volume |
21.5¢ | 22.0¢ | 21.5¢ | $17.12K | 79.32K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 20435 | 21.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
22.0¢ | 65169 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 20435 | 0.215 |
1 | 89778 | 0.210 |
5 | 203247 | 0.200 |
1 | 2600 | 0.195 |
3 | 156580 | 0.190 |
Price($) | Vol. | No. |
---|---|---|
0.220 | 65169 | 5 |
0.230 | 55000 | 2 |
0.240 | 153300 | 2 |
0.245 | 27000 | 2 |
0.250 | 5076 | 1 |
Last trade - 14.52pm 16/10/2024 (20 minute delay) ? |
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