Which still represents good value for open pit potential.
Its not too bad a figure to work though, and I'll be using it to price in any resource upgrade.
As people have mentioned an upgrade to 350k would not be unreasonable and would immediately make 2.8cps seem fair value, then of course it becomes a bigger prize so what premium would that attract I wonder?
Of course one could easily argue that the IGV could be much higher as well.
Looking forward to coming days.
Oscar
PRE Price at posting:
1.4¢ Sentiment: Buy Disclosure: Held
