It wasn't a full costing, PFS/BFS , capex ,opex or any attempt Mr Jacob to show any economics or viability to what's been found so far.
It was simply an honest look at how much has been found and its worth on the Gold spot market today and how much our Market cap is.
Nothing more than that. Each to draw their own conclusions as what's a reasonable value for SPX today based on that.
Yak52
ps. I would like to think that nearly AUD$1 Billion resource would be worth at LEAST our current Market Cap of AUD$120 Mil (today)
and the costs associated with mining & producing a bar of Gold would not be 88% + of the resource value [< $1 Billion].
Would be looking for a new BoD and CEO if so real quick.
.
Price action, page-35
Add SPX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $30.27M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.7¢ | 0.7¢ | $2.428K | 346.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 7142412 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 4021727 | 13 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| SPX (ASX) Chart |