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1,350 Posts.
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16/05/07
08:57
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JORC will be coming soon i believe.
they have said there was 70 million dollars worth in area of test leach plant and 10 fold in surrounding area that was at prices of $70 per pound so
i would estimate 1 million pounds in area of insitu leach and 10 000 000 pounds in surrounding area.
if we assume that they will be able to prove up this as a resource then CUY would be valued at
66 000 000 x 1.85 = 122 000 000 market cap
= 12.20 per pound valued at (roughly)
and assuming they prove up 10 million pounds just in oban (could be more)
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